US EditionMSTR may have paused it's BTC accumulation last week
16 Articles
16 Articles
Michael Saylor's company didn't buy last week after announcing plan to raise US$ 42 billion
Key points of the news: Strategy paid for its bitcoin purchases between March 23 and 29, breaking a weekly streak that had spread for more than a year. The company still holds 762,099 BTC valued at about $51.6 billion, purchased at an average price of $75,694 per bitcoin. The pause did not imply a sale, but it did upset traders because the Strategy accumulation pattern had become a market sign in its own right. Strategy has interrupted one of th…
The Bitcoin course is struggling with sustained pressure. Even Strategy has interrupted its weekly Bitcoin purchases for the first time in over 13 weeks. Source: BTC-ECHO BTC-ECHO
MSTR Stock Price Rises as Michael Saylor’s Strategy Pauses Weekly Bitcoin Purchases
The MSTR stock price is up at the market open today, rebounding from last week’s lows. This comes amid Michael Saylor Strategy’s announcement that it did not buy any Bitcoin last week, ending a weekly streak that dates back to November last year. Ad Ad MSTR Stock Price Rebounds From Last Week’s Lows The crypto The post MSTR Stock Price Rises as Michael Saylor’s Strategy Pauses Weekly Bitcoin Purchases appeared first on CoinGape.
Strategy Pauses Bitcoin Buys After 13 Weeks - Invest In Crypto News
Strategy, the company formerly known as MicroStrategy, appears to have paused its weekly Bitcoin purchases after stacking BTC for 13 straight weeks. During that run, it accumulated about 90,831 BTC. Holdings now stand at 762,099 Bitcoin, roughly 3.6% of total supply. Executive chair Michael Saylor skipped his usual weekly buy signal on social media and instead promoted the company’s preferred stock offering. The pause has sparked debate among tr…
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