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Akash 70
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#SaylorBTCPurchase Saylor Deepens: $555M Bitcoin Buy Revives Strategy
Strategy, formerly MicroStrategy, bought 6,556 Bitcoin for $555.8 million. The corporation bought the Bitcoin for $84,785 per coin between April 14 and 20. The current move brings the company's Bitcoin to 538,200.
Company Has Over $36 Billion Bitcoin
Strategy spent $36.47 billion on Bitcoin reserves at $67,766 each, according to corporate disclosures. It has more Bitcoins than MARA Holdings, the next biggest public firm.
Strategy purchased Bitcoin again this week. Over $280 million was spent for roughly 3,460 BTC two weeks ago. The company's Bitcoin return since January is 12%.
Strategy Wants $20 Billion For More Buying
It seems the company will keep purchasing Bitcoin. Strategy aims to sell over $20 billion in shares to fund Bitcoin purchases, sources said. Even while Bitcoin has performed flatly in recent months, enthusiastic purchasing continues.
Strategy is not the only Bitcoin investor. Other institutional purchasers follow suit. Metaplanet bought 330 BTC for $28 million, bringing its total to 4,855 BTC for over $500 million. Japanese retail giant ANAP bought Bitcoin for $70 million.
Strategy's fresh Bitcoin buy comes as its stock rises. From $317 on Friday, MSTR shares climbed roughly 3% to $325 in extended trade.
Bitcoin's recent price changes may explain this share performance. A cryptocurrency rose to $87,600 today. MSTR stock has a strong positive connection with Bitcoin prices, which is expected given Strategy's large exposure to the cryptocurrency.
Bitcoin's recent price spike worries several observers. Crypto researcher Kevin Capital warns that Bitcoin needs rise beyond $89,000 to be considered uptrending. He advises market players to remain cautious till then.
If Bitcoin continues rising in the next weeks, Strategy's stock may too.
Strategy, formerly MicroStrategy, bought 6,556 Bitcoin for $555.8 million. The corporation bought the Bitcoin for $84,785 per coin between April 14 and 20. The current move brings the company's Bitcoin to 538,200.
Company Has Over $36 Billion Bitcoin
Strategy spent $36.47 billion on Bitcoin reserves at $67,766 each, according to corporate disclosures. It has more Bitcoins than MARA Holdings, the next biggest public firm.
Strategy purchased Bitcoin again this week. Over $280 million was spent for roughly 3,460 BTC two weeks ago. The company's Bitcoin return since January is 12%.
Strategy Wants $20 Billion For More Buying
It seems the company will keep purchasing Bitcoin. Strategy aims to sell over $20 billion in shares to fund Bitcoin purchases, sources said. Even while Bitcoin has performed flatly in recent months, enthusiastic purchasing continues.
Strategy is not the only Bitcoin investor. Other institutional purchasers follow suit. Metaplanet bought 330 BTC for $28 million, bringing its total to 4,855 BTC for over $500 million. Japanese retail giant ANAP bought Bitcoin for $70 million.
Strategy's fresh Bitcoin buy comes as its stock rises. From $317 on Friday, MSTR shares climbed roughly 3% to $325 in extended trade.
Bitcoin's recent price changes may explain this share performance. A cryptocurrency rose to $87,600 today. MSTR stock has a strong positive connection with Bitcoin prices, which is expected given Strategy's large exposure to the cryptocurrency.
Bitcoin's recent price spike worries several observers. Crypto researcher Kevin Capital warns that Bitcoin needs rise beyond $89,000 to be considered uptrending. He advises market players to remain cautious till then.
If Bitcoin continues rising in the next weeks, Strategy's stock may too.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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