Source: CryptoNewsNet
Original Title: Strategy reloads on bitcoin, acquires a further 1,229 BTC for $109 million
Original Link:
Strategy (MSTR), the largest publicly traded holder of bitcoin, resumed purchases after boosting its US dollar reserves to $2.2 billion the prior week.
The company acquired 1,229 bitcoin last week for $108.8 million, at an average price of $88,568 per coin, according to a filing released Monday morning.
Total holdings increased to 672,497 BTC, acquired for $50.44 billion, representing an average purchase price of $74,997 per bitcoin.
The acquisition was funded through the sale of $108.8 million in Class A common stock.
MSTR shares were down 1% in premarket trading to $157 per share, while bitcoin slipped to around $87,000.
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AmateurDAOWatcher
· 8h ago
MSTR's move is really aggressive. Investing 1 billion dollars just to accumulate over 12,000 more Bitcoins—this is a plan to tie itself closely to BTC.
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BankruptWorker
· 9h ago
MSTR's move is really aggressive, pouring in $220 million in cash without blinking... Retail investors can only watch helplessly.
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StableNomad
· 9h ago
statistically speaking, mstr doing another 1.2k btc dump feels like watching someone average down their way into a corner... but ngl the $2.2b dry powder move before this actually screams smart money positioning. reminds me of the pre-crash accumulation patterns, except this time there's actual revenue behind it. risk-adjusted returns looking kinda spicy if they don't paper hand at 80k again
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BearMarketBard
· 9h ago
Starting to accumulate coins again, MSTR's move... $2.2 billion in reserves directly poured in. This pace is a bit aggressive.
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0xSunnyDay
· 9h ago
mstr's move is really impressive, pouring in another 1,200 Bitcoins... It seems they truly consider Bitcoin as a secondary currency to hoard.
Strategy reloads on bitcoin, acquires a further 1,229 BTC for $109 million
Source: CryptoNewsNet Original Title: Strategy reloads on bitcoin, acquires a further 1,229 BTC for $109 million Original Link: Strategy (MSTR), the largest publicly traded holder of bitcoin, resumed purchases after boosting its US dollar reserves to $2.2 billion the prior week.
The company acquired 1,229 bitcoin last week for $108.8 million, at an average price of $88,568 per coin, according to a filing released Monday morning.
Total holdings increased to 672,497 BTC, acquired for $50.44 billion, representing an average purchase price of $74,997 per bitcoin.
The acquisition was funded through the sale of $108.8 million in Class A common stock.
MSTR shares were down 1% in premarket trading to $157 per share, while bitcoin slipped to around $87,000.