"Strategy has steadily expanded their Bitcoin treasury over the years, now holding 671,268 BTC - equivalent to 3.2% of all Bitcoin ever expected to exist, the company says. The firm's average purchase price for its holdings sits at roughly $75,000 per BTC, with a total acquisition cost of $50 billion and a current Bitcoin net asset value of $60 billion."
"Earlier this month, Strategy created a $1.44 billion cash reserve to safeguard future dividends and interest payments, in an effort to reassure investors it would not need to sell any of its roughly $56 billion in Bitcoin amid broader Bitcoin market weakness. Funded by recent Class A stock sales, the reserve initially covered 21 months of obligations, with plans to extend to 24 months. CEO Phong Le said the move sharply reduced the likelihood of BTC liquidation, addressing fears from prior comments."
Strategy increased its Bitcoin holdings to 671,268 BTC, representing roughly 3.2% of all Bitcoin expected to exist. The company reports an average purchase price near $75,000 per BTC, with $50 billion in acquisition cost and about $60 billion in Bitcoin net asset value. Strategy has made 90 separate Bitcoin acquisitions since Q3 2020 and spent nearly $2 billion in the past two weeks. The firm established a $1.44 billion cash reserve funded by Class A stock sales to cover dividends and interest for 21–24 months, lowering the chance of needing to liquidate BTC. Leadership continues to frame Bitcoin as a form of digital capital and plans further accumulation.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]