Binance X BinanX

Start Your Crypto Journey Right!

Sign up on Binance and receive up to $1,000 in rewards after completing KYC.

Join Now
HomeBitcoinBitcoin NewsDeep Saylor Goes: $ 555m Bitcoin Buy Buy Fuels Strategia Return |...
Binance X BinanX

Start Your Crypto Journey Right!

Sign up on Binance and receive up to $1,000 in rewards after completing KYC.

Join Now

Deep Saylor Goes: $ 555m Bitcoin Buy Buy Fuels Strategia Return | Bitcoinist.com

Trust Editorial Content, reviewed by industry leaders and experienced editors. Disclosure of ads

The strategy, previously called Microstrategia, has bought additional 6,556 bitcoin In an acquisition of $ 555.8 million. The firm acquired the Bitcoin between April 14 and 20, spending an average of $ 84,785 per currency. The last movement carries the company’s total bitcoin to 538,200 BTC.

The company now has more than $ 36 billion in Bitcoin

based on company reportsThe strategy has paid around $ 36.47 billion by buying its Bitcoin reserves to an average of $ 67,766 per currency. The company remains the largest public company in maintaining Bitcoins, far ahead of rivals such as Mara Holdings.

This is the second consecutive week that the strategy has bought Bitcoin. Two weeks ago, the company acquired almost 3,460 BTC for more than $ 280 million. The company has also published a 12% bitcoin performance since the beginning of the year.

Ssource: Strategy

The strategy plans to raise $ 20 billion for additional purchase.

The company has no indications of slowing its Bitcoin purchase strategy. According to reports, the strategy plans to raise more than $ 20 billion of the sale of shares to finance future purchases of Bitcoin. This aggressive purchase even persists as the relatively flat performance of Bitcoin in recent months.

The strategy is not the only one that takes an investment strategy in Bitcoin. Other institutional buyers are in the same way. Metaplenet has just acquired 330 BTC for a little more than $ 28 million, increasing its participation to 4,855 bitcoin worth $ 500 million. The Japanese retail company Anap has also jumped to the game with a Bitcoin purchase of $ 70 million.

The price of the shares increases after announcing the purchase

The announcement of the new Bitcoin strategy purchase comes at a time when the company The actions have increased. MSTR shares increased almost 3% in operations extended to approximately $ 325 from Friday’s closure at $ 317.

As of today, the market cap of cryptocurrencies stood at $2.71 trillion. Chart: TradingView

This actions of actions seems connected to recent movements in Bitcoin prices. The cryptocurrency has increased to $ 87,600 while we talk. Observers have indicated the high positive correlation between MSTR actions and Bitcoin prices, which is understandable considering the great exposure of the strategy to the digital currency.

Some analysts still distrust Bitcoin’s last price increase. The cryptographic analyst Kevin Capital has warned that Bitcoin must move above $ 89,000 to validate a genuine upward trend. Until that happens, recommend that market participants be careful.

If Bitcoin continues to rise in the coming weeks, the actions of the strategy can also do the same. Executive President of the Company and Co -founder Michael Saylor He has already pointed out in the past that Microstrategy has published greater returns than other great assets since he implemented his Bitcoin strategy.

Bitcoin institutional investment by companies such as the strategy is indicative of increasing the general acceptance of cryptocurrency as a valid class of assets despite the uncertainties surrounding the stability of long -term prices and regulatory problems.

Outstanding image of the star, TrainingView graphic

Editorial process For Bitcoinist, he focuses on the delivery of content completely investigated, precise and impartial. We maintain strict supply standards, and each page undergoes a diligent review of our technology experts and experienced editors. This process guarantees the integrity, relevance and value of our content for our readers.



RELATED ARTICLES
Binance X BinanX

Start Your Crypto Journey Right!

Sign up on Binance and receive up to $1,000 in rewards after completing KYC.

Join Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment - Image Description

Most Popular