Strategy Overtakes BlackRock’s Bitcoin Holdings, But Is Saylor Done Buying?
Michael Saylor announced on Monday that Strategy had carried out another massive Bitcoin buy. The multi-billion-dollar Bitcoin purchase did not come as a surprise to the market, given that the company had already been raising more money to buy BTC leading up to the day. However, what is interesting is how much BTC the public company now holds and what it means in comparison to other counterparts with large holdings in the market. Strategy’s BTC Holdings Have Now Crossed 800,000 BTC With the most recent buy, where the company bought 34,164 BTC, it has now seen its Bitcoin holdings cross the....
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Strategy’s Bitcoin playbook is no longer just about buying dips. The company has turned its balance sheet into a capital machine built around one main objective of increasing the amount of Bitcoin it controls without weakening the amount of Bitcoin attached to each share. Recent filings by the company now show that it is planning to repurchase $1.5 billion principal amount of 2029 convertible notes. Strategy Is Getting Closer To 1,000,000 Bitcoin Strategy’s latest reported Bitcoin reserve shows how far the company’s accumulation strategy has come. The firm’s Bitcoin purchase page lists....
Strategy, the world’s first and largest Bitcoin Treasury led by its founder Michael Saylor, recently resumed its weekly BTC buying spree after pausing purchases ahead of its earnings call on May 5. With the company now in buying mode, Saylor predicts Bitcoin’s price will rise 30% annually over the next 20 years. If that happens, […]
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 […]
Strategy has resumed its Bitcoin accumulation with a new $43 million acquisition, which has taken its holdings close to the 820,000 BTC milestone. Strategy Has Expanded Its Holdings By Another 535 Bitcoin As revealed by Strategy co-founder and chairman Michael Saylor in an X post, the company has made a fresh Bitcoin acquisition involving 535 […]
Strategy has continued its aggressive Bitcoin accumulation with another billion-dollar buy despite the BTC price trading below its cost basis. Strategy Has Added 13,927 BTC To Its Treasury As shared by Strategy co-founder and chairman Michael Saylor in a new X post, the treasury company has furthered its Bitcoin buying spree. The new acquisition involved […]