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Meerab

06/16 05:58

Strategy Doubles Down: Saylor Signals Massive 10th

Strategy Doubles Down: Saylor Signals Massive 10th Bitcoin Buy StreakBitcoin-11-768x432.jpg

  • Strategy holds 582,000 BTC worth $61 billion at current rates
  • Last week’s buy added 1,045 BTC valued at $110 million
  • Concerns rise over MSTR dilution and insider stock sales

Strategy has again hinted at an imminent Bitcoin acquisition after Michael Saylor shared the company’s portfolio tracker for the tenth week. The tracker,  which has been posted before Strategy’s purchases, demonstrates a gradual increase in Bitcoin holdings. As the BTC prices face pressure, another institutional buy could boost the short-term market sentiment.

Michael Saylor, Strategy chairman, continues to promote weekly updates that are often followed by BTC accumulation actions. The company already holds 582,000 BTC, which is estimated at $61 billion at current market prices. These repetitive signals have turned out to be an identifiable indicator of actual Bitcoin purchaseimage-182-768x432.jpg

Strategy Doubles Down: Saylor Signals Massive 10th Bitcoin Buy Streak 3

Strategy follows a clear dollar-cost averaging model and accumulates Bitcoin at different prices across multiple market cycles. The first four years saw the firm purchase 226,000 BTC, while weekly buys since then have added 335,000 BTC. Last week, Strategy added 1,045 BTC to its balance sheet at an estimated cost of $110 million.

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