🚨 STRATEGY BUYS ANOTHER $1 BILLION IN BITCOIN, TREASURE EXCEEDS 660,000 BTC DESPITE STOCKS Plunging
• Michael Saylor's company just spent $962.7 million to buy another 10,624 BTC at an average price of $90,615/coin.
• Strategy's total holdings now stand at 660,624 BTC, worth about $60 billion, 22% higher than its cost price.
• Meanwhile, Strategy's stock has fallen sharply by 51% over the past 12 months, trading around $178.99.
• Saylor continues to assert that Bitcoin is "digital capital", while introducing the concept of digital credit - a new asset class aimed at reducing volatility and generating yield.
• Despite concerns about debt and dividends, Strategy raised another $1.44 billion to bolster its confidence, affirming that it “will not back down” from its Bitcoin strategy.
👉 The move shows that Strategy is still betting big on Bitcoin, even as the stock market and capital flows into digital asset funds are slowing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 STRATEGY BUYS ANOTHER $1 BILLION IN BITCOIN, TREASURE EXCEEDS 660,000 BTC DESPITE STOCKS Plunging
• Michael Saylor's company just spent $962.7 million to buy another 10,624 BTC at an average price of $90,615/coin.
• Strategy's total holdings now stand at 660,624 BTC, worth about $60 billion, 22% higher than its cost price.
• Meanwhile, Strategy's stock has fallen sharply by 51% over the past 12 months, trading around $178.99.
• Saylor continues to assert that Bitcoin is "digital capital", while introducing the concept of digital credit - a new asset class aimed at reducing volatility and generating yield.
• Despite concerns about debt and dividends, Strategy raised another $1.44 billion to bolster its confidence, affirming that it “will not back down” from its Bitcoin strategy.
👉 The move shows that Strategy is still betting big on Bitcoin, even as the stock market and capital flows into digital asset funds are slowing.