Strategy, guided by Michael Saylor, has reinforced its position as a leading institutional Bitcoin holder by acquiring an additional 6,556 BTC at an average price of $84,785, totaling around $555.8 million. This boosts their overall Bitcoin stash to approximately 538,200 BTC. Funded through at-the-market equity offerings, the company pursues a buy-and-hold approach aiming to solidify Bitcoin as a treasury asset amid market fluctuations. However, mounting debt and financial obligations may force Strategy to sell Bitcoin holdings at a loss to cover liabilities, reflecting a cautious stance amid recent economic instability.
Continue to read Strategy Expands Bitcoin Holdings with $555.8M Purchase, Now Controls 538,200 BTC
Strategy, guided by Michael Saylor, has reinforced its position as a leading institutional Bitcoin holder by acquiring an additional 6,556 BTC at an average price of $84,785, totaling around $555.8 million. This boosts their overall Bitcoin stash to approximately 538,200 BTC. Funded through at-the-market equity offerings, the company pursues a buy-and-hold approach aiming to solidify Bitcoin as a treasury asset amid market fluctuations. However, mounting debt and financial obligations may force Strategy to sell Bitcoin holdings at a loss to cover liabilities, reflecting a cautious stance amid recent economic instability.
Continue to read Strategy Expands Bitcoin Holdings with $555.8M Purchase, Now Controls 538,200 BTC
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