tldr; Michael Saylor’s company, Strategy, invested $1.25 billion to purchase 13,627 Bitcoins at an average price of $91,519 per coin. The funds were raised by selling 6.8 million common shares and 1.2 million preferred shares. This acquisition brings Strategy’s total Bitcoin holdings to 687,410, acquired at a total cost of $51.8 billion, with an average price of $75,353 per Bitcoin. The move comes ahead of a significant crypto policy vote, with Strategy retaining $10.3 billion in stock sale capacity for potential future investments.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
zibdabo on
when is the crypto policy vote.
Prize-Bug-3213 on
Who on earth is funding this. Blows my mind there is over a billion dollars a pop waiting to flow into pure speculation.
PowerFarta on
At this point he’s propping up the market. Only reason to be buying at mNAV <1
AdministrativeKey377 on
We all know the dollar will continue to weaken.
We all know that Crypto provides an alternate path to grow and store our wealth.
Be proactive and get ahead when this narrative comes back in full force when the Fed is full on injecting liquidity again.
Bid ticker CRYPTO.
Cryptocurrency Coin.
4ikwYoNvoGEwtMbziUyYBTz1zRM6nmxspsfw9G7Bpump
Cash is fucked. Crypto looks good here.
OccasionalXerophile on
Saylormoon melting faces again🫠
BigvalBROski on
No ones voting on crap. Will be pushed to 2030
heyheyshinyCRH on
Can wait to see the price action when he dumps. It’ll be bonkers
meshreplacer on
This will be the most epic leveraged implosion in world history when it happens. Think. Hunt Brothers silver Tuesday x1000 and the impact on bitcoin will be felt for decades.
tx_brandon on
Strategy wallet addresses are public. He couldn’t empty the wallets without being front run. Some? Maybe. Even half of it, never.
10 Comments
tldr; Michael Saylor’s company, Strategy, invested $1.25 billion to purchase 13,627 Bitcoins at an average price of $91,519 per coin. The funds were raised by selling 6.8 million common shares and 1.2 million preferred shares. This acquisition brings Strategy’s total Bitcoin holdings to 687,410, acquired at a total cost of $51.8 billion, with an average price of $75,353 per Bitcoin. The move comes ahead of a significant crypto policy vote, with Strategy retaining $10.3 billion in stock sale capacity for potential future investments.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
when is the crypto policy vote.
Who on earth is funding this. Blows my mind there is over a billion dollars a pop waiting to flow into pure speculation.
At this point he’s propping up the market. Only reason to be buying at mNAV <1
We all know the dollar will continue to weaken.
We all know that Crypto provides an alternate path to grow and store our wealth.
Be proactive and get ahead when this narrative comes back in full force when the Fed is full on injecting liquidity again.
Bid ticker CRYPTO.
Cryptocurrency Coin.
4ikwYoNvoGEwtMbziUyYBTz1zRM6nmxspsfw9G7Bpump
Cash is fucked. Crypto looks good here.
Saylormoon melting faces again🫠
No ones voting on crap. Will be pushed to 2030
Can wait to see the price action when he dumps. It’ll be bonkers
This will be the most epic leveraged implosion in world history when it happens. Think. Hunt Brothers silver Tuesday x1000 and the impact on bitcoin will be felt for decades.
Strategy wallet addresses are public. He couldn’t empty the wallets without being front run. Some? Maybe. Even half of it, never.