Strategy, the largest institutional Bitcoin treasury company, today announced its latest acquisition last week. Michael Saylor just shared the latest application submitted to the SEC. The company announced that it is continuing to purchase Bitcoin despite ongoing FUD. Today’s 8-K form shows that purchases are continuing, albeit slightly.
Bitcoin Breaking News
The company, which financed its purchases with STRF, STRC, STRK, STRD and MSTR share sales, sold MSTR Class A shares worth $ 108.8 million for the last purchase. He used the cash he obtained to buy 1,229 BTC. For the last purchase at an average cost of $88,568 MSTR All cash obtained from the share sale was used. The company announced that it has achieved a BTC return of 23.2% as of today.
Strategy As of December 28, its total reserves were 672,497 to BTC It has been removed. The total figure it spent on purchases was $50.44 billion, and its average cost rose to $74,997 per BTC. Although the company made its largest purchases after the US elections, its average cost increased by approximately 15 thousand dollars during the year due to purchases of around 90 thousand dollars. While purchases over 100 thousand dollars inflate the cost, cash reserves over 2 billion dollars continue to be kept for difficult times.
MSCI will make its decision in mid-January to treat MSTR and other companies as funds rather than shares, and this FUD has been negatively impacting cryptocurrencies for weeks. MSTR’s mNAV is currently around 1.08 and the stock is stalled at $158.8.
