Massive Bitcoin Purchase by Strategy's Bitcoin Strategy:-💥💥💥🚀🚀
Michael Saylor's company, Strategy, acquired around 22,305 BTC, which is valued at a massive sum of $2.13 billion, over an eight-day time period, between January 12th and January 19th. With this purchase, Strategy now holds a total of 709,715 BTC, which is valued at approximately $64.5 billion.
Critical Details - Purchase Price: $2.13 Billion
- Number of Bitcoins: 22,305
- Average Price: 95,284 per bitcoin
- Overall Holdings: 709,715 BTC
- Total Cost: 53.92 billion
- Paper Gain: Over $10 Billion
Fund and Performance of StockPerformance The purchase price was funded using the proceeds of its At-The-Market share offer, and despite its shares plummeting some 7.4% in the wake of the announcement, analysts predict it will continue to acquire bitcoin when prices fall. Analyst Insights
"Strategy is still accumulating Bitcoin because pulling out would mean as much to the markets as accumulating more," Nic Puckrin, analyst and co-founder of Coin Bureau, added in an interview.
Strategy is operating over a longer term and is concentrating on increasing their bitcoin price per share.
Future Plans The company has a cash reserve worth $2.25 billion to fulfill the dividend and interest payments without needing to sell Bitcoin. The company has set a goal to raise $84 billion in equity and convertible notes for the purchase of bitcoins until 2027.
