Strategy, the world’s largest Bitcoin reserve company, is recovering after a difficult December, even though it experienced a serious MNAV drop in early January. We can say that the last MSCI decision was effective in this. As the company breathes easier, BTC accumulation has accelerated again and it is able to purchase more.
Strategy Bought Bitcoin
Strategy bought 13,627 BTC last week. The last purchase was for ~$1.25 billion, Bitcoin Made at an average cost of ~$91,519 per head. Today, the company’s total reserves increased to 687,410 BTC and the total amount spent on purchases reached $51.8 billion. company all BTC The average cost for savings is $75,353.
We saw a recovery here after the delist decision was postponed by MSCI after the company’s MNAV fell below 1. Even though the level of 1.1 has not been exceeded yet, it is nice that 1 can now be maintained. The only problem is that the MSCI announcement does not sound like “abandoning the delist idea” but rather “postponing” it. The company is still considering removing cryptocurrency reserve companies from global indices and has concluded that they act like funds rather than stocks. In other words, it is likely that this FUD will flare up again in the coming period. But for the short term, last week’s decision was positive.
