Strategy Not Slowed Down By USD Reserve—Drops Nearly $1 Billion On Bitcoin
Strategy, a prominent corporate Bitcoin holder, has executed one of its largest acquisitions of the year, purchasing 10,624 BTC for $962.7 million. This purchase, funded through stock offerings, comes just one week after the company established a $1.44 billion USD reserve intended to manage short-term market volatility. With this latest addition, Strategy's total holdings now stand at 660,624 BTC, acquired at an average cost of $74,696 per coin. The company is currently holding an unrealized profit of approximately 21% on its massive Bitcoin treasury. This aggressive accumulation contrasts with the recent trend of net outflows from US spot Bitcoin ETFs, which resumed after a brief period of inflows, indicating ongoing market caution. Meanwhile, Bitcoin's price has retreated to around $89,900 after briefly surpassing $92,000.
bitcoinist5 мин. назад