Strategy bought 535 more Bitcoin on Monday. $43 million. Average price $80,340. They now hold 818,869 BTC. They said last week buying would resume. It resumed on Monday. BTC yield year-to-date: 9.4%. This is not a company that pauses when the price is uncertain. They bought at $62,000, at $75,000, at $80,000. The average cost is $75,540. They are in profit on the entire position. Every week they are not selling and every week they are still buying is the clearest possible signal about where they think price goes next.
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.