🚀 Strategy Nears 600k BTC with Continued Buying
Current holdings: ~597,325 $BTC
worth ~$64.6 billion—just ~2,675 BTC away from hitting 600,000 BTC .
Recent purchase: Last week, Strategy bought 4,980 BTC for $531.9 million at an average price of $106,801/BTC, marking their 12th consecutive weekly acquisition .
Accumulation streak: This marks a 12-week run of steady buys; another purchase next week would break their record .
Market Reaction & Stock Dynamics
MSTR stock rose by almost 2% in pre-market trading on news of the recent purchase .
Strategy is likewise raising capital: a $1 billion STRD preferred stock offering has been upsized to fund further BTC acquisitions .
Broader Context & Risks
Cash-strapped treasury movement: 18 corporate treasuries added ~8,400 BTC last week, led by Strategy’s aggressive buying .
Volatility signal: Bitcoin is trading around $108,675—just ~3% below its all-time high of $111,970 .
Critic warning: Skeptic Peter Schiff highlights risks tied to Strategy's concentrated Bitcoin holdings .
What This Means
Key Point Implication
Record accumulation pace Strategy is doubling down on BTC as core treasury asset
Stock correlation MSTR shares continue to move with Bitcoin price and corporate moves
Capital market fueling Large fundraises (STRD offering) power future BTC buys
Market leadership Strategy leads corporate crypto adoption, influencing peers
#StrategyBTCPurchase #BTC120kVs125kToday #TradingStrategyMistakes
