🚨 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.
BTC-2.34%
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)