Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors...
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....
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Strategy Chairman Michael Saylor told investors that his company is not looking to buy peer Bitcoin treasury firms, saying such deals often take too long and carry too much uncertainty. Related Reading: IBM Unveils Digital Asset Haven For Banks And Governments – Details Strategy’s Focus Remains On Buying Bitcoin According to Strategy’s third-quarter earnings call, […]
According to posts from Michael Saylor, Strategy’s regular run of Bitcoin buys will pause this week. He told followers there would be “no new orange dots this week,” and used the break to point to the size of the firm’s holdings — now worth $79.03 billion. Related Reading: Blockchain Earnings Take A Dip — 16% […]
Concerns regarding the potential exclusion of Strategy (MSTR) from the MSCI index emerged last week, with estimates from JPMorgan analysts indicating that such a move could result in approximately $2 billion to $8 billion in outflows. Amid mounting concerns within the crypto community, Michael Saylor confirmed that the company is in discussions with MSCI regarding […]
Strategy has once again strengthened its aggressive digital asset vault, adding another billion-dollar allocation of Bitcoin to its growing treasury. The move reinforces the company’s long-standing belief that BTC represents the most reliable store of value in the digital era, positioning Strategy even further ahead as the largest corporate holder of the cryptocurrency. What Strategy’s Latest Purchase Means For The Capital Market According to analyst Adam Livingston’s post on X, Bitcoin advocate and Executive Chairman Michael Saylor of Strategy (MSTR) has released its latest Form....
MicroStrategy (now Strategy) co-founder Michael Saylor has made his first entry on the Bloomberg Billionaires Index, joining the list with an estimated net worth of $7.37 billion and taking the 491st spot. Related Reading: Russia Looks To Open Crypto Market Wider For Citizens – Details Reports have disclosed that his wealth rose by about $1 […]