Michael Saylor’s software company, which is now operating under the name Strategy, has again increased its Bitcoin participation. The company confirmed a new BTC acquisition that contributed to the fact that the share price increase in parallel to a wider Bitcoin rally.
This step follows a short break in purchase, which disperses the concerns about the company’s long-term BTC strategy. With the recent purchase, Strategy has consolidated its position as the listed company with the largest Bitcoin portfolio.
In a press release, Strategy announced the purchase of 3,459 Bitcoin for $ 285.8 million. The acquisition was made at an average price of $ 82,618 per BTC. This increases the company’s Bitcoin stock to 531,644 BTC, which has now been purchased for a total of $ 35.92 billion. The company reported a Bitcoin return of 11.4% for the current year, which shows the performance gain in the middle of the ongoing market rally.
As CNF reported, Michael Saylor had indicated a new BTC purchase just a few days earlier and thus ended the growing speculation about the company’s strategy. The announcement also ended the two-week break during the Bitcoin purchases, which had triggered concern for some investors. Analysts see a positive signal in the renewed Bitcoin purchase, especially since Strategy is preparing for further purchases in the near future.
The Microstrategy (MSTR) share reacted positively to the news. NASDAQ data show that it has increased by more than 3% to around $ 310 in pre-exchangeable trade. This upswing is in line with the Bitcoin rally, since the cryptocurrency exceeded the $ 85,000 mark. The strong correlation between MSTR and BTC continues to play an important role in investigating mood.
The share has increased by more than 11 % in the last five days and is over 3 % higher in the year. Strategy’s financial strategy provides for almost 22 billion USD to be raised through stock sales, whereby the funds are intended for further Bitcoin acquisitions. This long -term approach signals a persistent institutional trust in Bitcoin as a nuclear system.
Microstrategy is far ahead of other listed companies, including Mara Holdings, with regard to Bitcoin’s total ownership. With sufficient capital and a clear plan, the company seems to be able to further increase its share and strengthen its Bitcoin-centered model.
While Bitcoin controls new highs, Strategy’s aggressive accumulation strengthens its position in the tech and cryptom market
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