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Strategy Buys Almost $2B More Bitcoin, Stash Nears 500,000 BTC
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Key Points
- The strategy formerly known as MicroStrategy bought another large amount of Bitcoin, whose Treasury is worth about $2 billion.
- Bitcoin Finance Corporation now holds 2.3% of the total Bitcoin supply and has 499,096 bitcoins on its balance sheet.
- Since the first half of November, the strategy has purchased Bitcoin almost every week, thereby purchasing through debt and equity.
- The most recent purchase is the biggest strategy since December 9.
Business Intelligence and Bitcoin Finance Corporate Strategy (Mstr) said on Monday that it expanded again Bitcoin Holding, acquiring nearly $2 billion in digital currency.
The strategy formerly known as MicroStrategy said in regulatory filings that it purchased 20,356 bitcoins for $97,514. Purchase, by Zero Enterprise Convertible Note Productsincreasing the company’s total Bitcoin reserves to 499,096 Bitcoins.
With this latest purchase, strategy Now, Bitcoin’s fully diluted supply exceeds 2.3%, about 21 million. According to Bitcoin supply tracker, Bitcoin BlackRock’s iShares Bitcoin Trust ((go) is the only other entity with a large supply of books on Bitcoin, accounting for nearly 2.8% of the total existing Bitcoin.
The largest Bitcoin purchase since early December
On weekends, Strategy Executive Chairman Michael Sealer Like he did before, Telegram posted the latest purchase announcement on X. Strategy announces new Buy Bitcoin Almost every week since November. This week’s purchases are the biggest purchases since December 9.
Strategy has been combining debt and equity product To cheer on Bitcoin accumulation.
Positive ways of strategy to accumulate Bitcoin lead to a massive increase in its inventory Market value Over the past few years; however, there are still many skeptics who have long believed that this approach is sustainable.
Strategic stocks fell about 4% in trading late Monday, although the stock has increased by more than 300% over the past 12 months. Bitcoin has been trading in a relatively narrow range in recent weeks, at about $95,000, well below its record high of about $109,000 last month.
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