As per Cryptoticker, Strategy, formerly MicroStrategy, has purchased 8,178 BTC for $836 million between November 10 and 16, bringing its total holdings to 649,870 BTC valued at over $61 billion. The acquisition was funded through perpetual preferred stock programs, not operational cash or debt. The company now holds more than 3% of the total bitcoin supply. Despite the large purchase, Strategy’s stock has underperformed, down over 30% year-to-date. Michael Saylor denied recent rumors of a BTC sale, stating the on-chain activity was custodial rotation. Analysts at Bernstein argue the company’s financial structure is robust and not at risk of forced liquidation.
Strategy Adds $836M in Bitcoin, Now Holds 649,870 BTC
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