Strategy’s Bitcoin Portfolio Grows To Nearly 600,000 BTC After Recent Purchase
Michael Saylor’s Bitcoin (BTC) proxy firm, Strategy, has made headlines once again by purchasing an additional $285.8 million worth of Bitcoin (BTC) during a week characterized by significant fluctuations in the company’s stock (MSTR) price. Saylor’s Strategy Reports 11.4% Year-to-Date Bitcoin Yield To finance this latest acquisition, Strategy utilized its at-the-market stock program, selling shares to raise capital for further Bitcoin purchases. This strategic move aligns with the firm’s ongoing commitment to expanding its Bitcoin holdings, which have become a cornerstone of its....
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Metaplanet, a Japanese investment firm, has once again extended its Bitcoin portfolio, marking a significant milestone in its aggressive accumulation approach. The company, which is sometimes likened to MicroStrategy (now Strategy) for its Bitcoin-focused blueprint, recently acquired an additional 68.59 BTC, bringing its total holdings to 2,100 BTC. This recent purchase, at almost $6.6 million, […]
The viability of bitcoin as an investment option is a highly debated one. Market analysts remain divided on if the asset constitutes what could be regarded as a good investment to include in a portfolio. Others have simply commented that the asset poses an opportunity for investors to diversify into riskier assets. Padding up what […]
Michael Saylor is rapidly becoming the patron saint of Bitcoin maximalist, proving all the naysayers wrong. He was an early promoter of the Bitcoin reserve approach, which argues that the best crypto to buy is always the first one; and that companies should raise funds to purchase as much $BTC as possible. That strategy is […]
Bitcoin truly is a new asset class that investors should take seriously, not just because of the extraordinary returns thus far, but because of its correlation to everything else. It’s All About the Correlation. The holy grail of portfolio management is to find an asset with a positive expected return that isn’t correlated to anything else. You want....
U.S. Senator Cynthia Lummis has disclosed her bitcoin purchase worth between $50K and $100K. The senator from Wyoming sees bitcoin as an “excellent store of value” that should be in every investment portfolio. Senator Lummis Buys Bitcoin The pro-bitcoin senator from Wyoming, Cynthia Lummis, disclosed her recent bitcoin purchase in a periodic transaction report (PTR) Thursday. According to the filing, the senator bought BTC worth between $50,001 and $100,000 on Aug. 16. The price of bitcoin was around $45K at that time. The disclosure was made outside of the 45-day reporting....