Strategy, led by Michael Saylor, acquired $26 million in Bitcoin last week, marking its second-smallest purchase since increasing its investments over six months ago. The company has accumulated about $60 billion in Bitcoin, with the recent acquisition amounting to 245 Bitcoin at an average price of $105,856 each. Notably, this is the smallest quantity bought since March. The company continues to fund purchases using the proceeds from preferred stock sales while facing skepticism regarding the high stock premiums compared to its Bitcoin assets, despite an impressive stock increase over 3,000%.
Strategy's recent acquisition of $26 million in Bitcoin marks its second-smallest weekly purchase, reflecting ongoing momentum despite concerns about stock valuations and market premium.
Despite recent market skepticism, particularly from short-sellers, Strategy continues to build its Bitcoin reserves without divesting shares, highlighting confidence in cryptocurrency fundamentals.
With a consistent buying strategy since mid-2020, Strategy has significantly increased its Bitcoin holdings amidst market fluctuations, demonstrating a long-term commitment to digital assets.
Strategy’s stock has seen a massive increase, outpacing Bitcoin itself, yet the company remains vigilant against market skeptics who question its asset strategy.
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