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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Strategy’s $40 billion Bet on Bitcoin has become the subject of a class action lawsuit. The plaintiffs accuse the company’s executives of making misleading statements. This comes amid the firm’s latest purchase of 7,390 BTC. Strategy Faces Lawsuit Over Bitcoin Bet According to Strategy’s filing with the SEC, the plaintiffs filed a class action lawsuit […]
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, […]
Strategy, formerly known as MicroStrategy, is continuing its long‑standing Bitcoin (BTC) accumulation strategy despite ongoing market weakness and growing concerns around the firm’s unrealized losses. At the same time, Bitmine Immersion Technologies, chaired by well‑known market strategist Tom Lee, has revealed a major expansion of its Ethereum (ETH) holdings, underscoring a broader trend of corporate crypto accumulation even as prices remain under pressure. Strategy Adds 1,142 BTC Despite Rising Losses In a filing with the US Securities and Exchange Commission disclosed on Monday,....
Strategy’s BTC holdings could be at risk following Technical expert Tony Severino’s revelation about Bitcoin’s current price action. The expert noted that the flagship crypto’s 200-day MA is below the average cost of the company’s BTC holdings, meaning they could still hold an unrealized loss at some point. Strategy’s Stock At Risk With Bitcoin’s 200-Day […]
Bitcoin’s (BTC) sharp sell‑off has intensified pressure on Strategy, the company formerly known as MicroStrategy, even as it continues to expand its already massive cryptocurrency holdings. On Monday, the firm disclosed another BTC purchase at a time when prices were sliding to levels not seen in almost a year. Strategy Adds Bitcoin During Market Sell‑Off According to a securities filing released on Monday, Strategy acquired an additional 855 Bitcoin over the prior seven days, paying an average price of about $87,974 per token. The transaction amounted to roughly $75.3 million and further....