Bitcoin Buying Streak Ends: Saylor Confirms No New Strategy Purchase
Strategy’s Bitcoin stash sits at roughly $64.44 billion — and it didn’t grow this week. A Pause After 4 Straight Weeks Michael Saylor, executive chairman of Strategy, confirmed Sunday that the company made no Bitcoin purchases during the current week, snapping a four-week buying run. The announcement came through his usual channel: the “Orange Dots” […]
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Michael Saylor’s Strategy has just announced a new Bitcoin purchase, suggesting the price dip hasn’t stopped the company from buying more. Strategy Has Made A Fresh Addition To Its Bitcoin Treasury As announced by Strategy chairman Michael Saylor in a new post on X, the company has completed a new Bitcoin acquisition involving 3,018 BTC. […]
Following a week of Bitcoin buying pause, Michael Saylor’s Strategy has gone back to accumulation with a fresh acquisition. Strategy Has Bought Another $27.2 Million Worth Of Bitcoin As announced by Strategy co-founder and chairman Michael Saylor in an X post, the Bitcoin treasury company has just made a new purchase. The buy, which occurred […]
Michael Saylor’s Strategy has unveiled its latest Bitcoin acquisition, which has taken its holdings to the 3.2% BTC supply milestone. Strategy Has Just Added 1,955 Tokens To Its Bitcoin Treasury In a new post on X, Strategy co-founder and chairman Michael Saylor has revealed the details related to the latest Bitcoin purchase made by the […]
Strategy, the company that has built its identity around hoarding Bitcoin, is now sitting on paper losses — and buying more anyway. The company’s average purchase price sits at roughly $75,985 per coin, well above where Bitcoin is trading today at around $66,850. Related Reading: WAR Token Explodes 100%, Then Crashes 20% In Sudden Sell-Off That gap has pushed Strategy’s net asset value below 1, meaning the stock is worth less than the Bitcoin it holds. It is a sharp reversal for a company that long commanded a premium over its own treasury. Another Round Of Buying Despite that,....
Strategy’s stock is trading below the value of its own Bitcoin holdings — an unusual position for a company that has built its entire identity around the cryptocurrency’s rise. Related Reading: Bitcoin Climbs Back To $73,000 As Short Squeeze Wipes Out $246M In Futures Bets A Streak That Keeps Going The Virginia-based firm added 17,994 BTC to its reserves last week, paying roughly $1.28 billion at an average of $70,946 per coin. It was the company’s 102nd Bitcoin purchase and the 11th straight week it has bought more. Strategy’s total Bitcoin stash is now valued at....