#SaylorBTCPurchase
Michael Saylor's Strategy is gearing up to purchase more Bitcoin, following a pattern of buying the cryptocurrency after sharing its portfolio tracker. Here's what's happening ¹ ²:
- *Current Holdings*: Strategy currently holds 582,000 BTC, valued at around $61 billion at current market prices.
- *Buying Strategy*: The company uses a dollar-cost averaging approach, spreading purchases across various price levels. They've added 335,000 BTC through steady weekly purchases since their initial acquisition of 226,000 BTC.
- *Recent Purchases*: Last week, Strategy acquired 1,045 BTC for $110 million, sustaining its buying streak. This move is part of their plan to accumulate more Bitcoin, potentially pushing their holdings above the 600,000 BTC mark.
- *Funding Options*: Strategy has issued multiple investment vehicles, including the STRD stock listed on Nasdaq, to support its purchases. They've raised over $3 billion for BTC acquisitions through STRF and STRK offerings.
- *Market Performance*: Despite concerns over stock dilution and investor risk, Strategy's stock has outperformed Tesla, Apple, and Amazon over the past year.
It's worth noting that Saylor's Strategy has been consistently buying Bitcoin, even during market downturns, and has seen significant unrealized gains. Their approach has sparked both interest and caution among investors ³.
