Strategy News: MSTR Acquired 592 BTC Last Week

Strategy news: MSTR acquired 592 BTC last week

Led by Executive Chairman Michael Saylor, the company now holds 717,722 bitcoin, purchased at an average price of $76,020 per coin, for a total of $54.56 billion.

Concerns over Strategy selling bitcoin are 'unfounded,' Michael Saylor says

Strategy Executive Chairman Michael Saylor affirmed the firm’s commitment to a long-term bitcoin strategy following major fourth quarter losses and a continued plunge in prices early this year. What to know: Michael Saylor said concerns that Strategy will be forced to sell bitcoin amid price declines are unfounded and reiterated the company has no plans to stop further acquisition of BTC. Saylor framed bitcoin’s sharp price swings as both a ris…

Michael Saylor's Strategy Shows $9.5B Unrealized Bitcoin Loss

Michael Saylor’s Strategy is once again in the spotlight. After fresh data showed the company sitting on a massive paper loss tied to its Bitcoin holdings. According to recent filings, the firm holds about 717,722 BTC purchased for roughly $54.56 billion at an average price near $76,020 per coin. With Bitcoin recently trading around the $63,000-$66,000 range. The position currently reflects an unrealized loss of about $9.5 billion. The update fo…

MSTR Stock Drops as Strategy Buys 592 Bitcoin for $39.8M

TLDR Strategy completed its 100th Bitcoin purchase with a 592 BTC acquisition worth about $39.8 million. The company increased its total Bitcoin holdings to 717,722 BTC after the latest buy. Strategy funded the purchase through the market sales of its Class A common stock. The firm reported an average purchase price of $67,286 per Bitcoin for the latest tranche. MSTR stock traded lower in pre-market hours following the SEC filing disclosure. St…

Strategy Buys $39.8M In Bitcoin Amid Unrealized Losses Reaching $8B

Strategy announced it had acquired an additional $39.8 million in Bitcoin last week, bringing its stack to 717,722 BTC. However, the company is sitting at unrealized losses of $5.96 billion to $8.51 billion amid persistent market corrections. Michael Saylor, Executive Chairman of Strategy (MSTR), made the all-too-familiar cryptic post on Sunday, showing a chart of their company’s Bitcoin (BTC) buying spree over the years. Typically, it hinted at…

Michael Saylor’s Strategy Acquires Another 592 Bitcoin For $40 Million