Strategy is dropping another 100 million bucks to scoop up the dip! Average price of 63K, bought 1,587 BTC, doubling down without sweating the short-term gains/losses.
"When others are fearful, I’m greedy" — After Bitcoin dipped below the 60K mark, the largest publicly traded company in terms of holdings, Strategy (formerly MicroStrategy), is back in action.
1. Two rounds of accumulation within a week, buying the dip
Recent SEC filings confirm that from June 8 to 14, Strategy utilized 100 million bucks to buy 1,587 Bitcoins at an average price of $63,024. This marks another buying spree for this "whale" — from June 1 to 7, the company had already purchased 1,550 Bitcoins at an average price of $65,332, spending around $101 million. In just a week, they’re consistently getting in, and each time at a lower price.
2. Total holdings reach 846,842 BTC, ample cash reserves
Currently, Strategy holds a total of 846,842 BTC, with a total cost of about $64.07 billion, maintaining an average cost line around $75,656. Despite facing an unrealized loss of $8.1 billion, their cash reserves have jumped from $100 million to $1.1 billion, giving them plenty of ammo with no signs of reducing their position.
3. Funds sourced from stock issuance, not forced selling
The funds for this dip-buying spree come from issuing around 1.73 million shares of MSTR stock, raising $209 million, with remaining funds kept as reserves on the balance sheet. This "selling stock for Bitcoin" model, if paused, could heighten concerns about the lack of new buyers entering the market.
4. Core logic interpretation
· Strategy's average holding price is at $75K, and the marginal effect of using 100 million bucks to lower this average is becoming weaker.
· The real strength lies in converting MSTR's premium financing ability into a perpetual Bitcoin-buying machine. As long as this logic holds, they can keep buying.
· Key point to watch: Will they continue to buy before the next big IPO market shakeout?
Risk warning: Over the past week, nearly all net BTC purchases by public companies came from Strategy; no other firms have made any buys. When there's only one player in the game during a downturn, who’s left holding the bag when liquidity dries up? Stay cautious, watch for strategic shifts.
$MSTRon
#Strategy #MicroStrategy #比特币巨鲸动向 #长期主义 #BTC走势分析
"When others are fearful, I’m greedy" — After Bitcoin dipped below the 60K mark, the largest publicly traded company in terms of holdings, Strategy (formerly MicroStrategy), is back in action.
1. Two rounds of accumulation within a week, buying the dip
Recent SEC filings confirm that from June 8 to 14, Strategy utilized 100 million bucks to buy 1,587 Bitcoins at an average price of $63,024. This marks another buying spree for this "whale" — from June 1 to 7, the company had already purchased 1,550 Bitcoins at an average price of $65,332, spending around $101 million. In just a week, they’re consistently getting in, and each time at a lower price.
2. Total holdings reach 846,842 BTC, ample cash reserves
Currently, Strategy holds a total of 846,842 BTC, with a total cost of about $64.07 billion, maintaining an average cost line around $75,656. Despite facing an unrealized loss of $8.1 billion, their cash reserves have jumped from $100 million to $1.1 billion, giving them plenty of ammo with no signs of reducing their position.
3. Funds sourced from stock issuance, not forced selling
The funds for this dip-buying spree come from issuing around 1.73 million shares of MSTR stock, raising $209 million, with remaining funds kept as reserves on the balance sheet. This "selling stock for Bitcoin" model, if paused, could heighten concerns about the lack of new buyers entering the market.
4. Core logic interpretation
· Strategy's average holding price is at $75K, and the marginal effect of using 100 million bucks to lower this average is becoming weaker.
· The real strength lies in converting MSTR's premium financing ability into a perpetual Bitcoin-buying machine. As long as this logic holds, they can keep buying.
· Key point to watch: Will they continue to buy before the next big IPO market shakeout?
Risk warning: Over the past week, nearly all net BTC purchases by public companies came from Strategy; no other firms have made any buys. When there's only one player in the game during a downturn, who’s left holding the bag when liquidity dries up? Stay cautious, watch for strategic shifts.
$MSTRon
#Strategy #MicroStrategy #比特币巨鲸动向 #长期主义 #BTC走势分析