Strategy Drops $1.25B on 13,627 Bitcoin, Total Holdings Surge to 687,410 BTC
Key Takeaways:Strategy’s Latest Bitcoin Buy: $1.25B in a Single WeekHow Strategy Funded the PurchaseSaylor’s High-Conviction Bitcoin PlaybookWhy Strategy Keeps Buying at High PricesWhat This Signals to the MarketBitcoin as a Corporate Treasury Asset
Strategy has become a Bitcoin treasury company successfully. It now closely relies on the performance of Bitcoin in its business model and has turned into a proxy instrument of institutional Bitcoin exposure. Other companies are getting affected by this strategy. Other companies are investigating: The scale of strategy provides it with a special advantage. The company holds almost 700,000 BTC and it has a significant share of the total number of Bitcoins in circulation. This focus contributes to the supply squeeze in which additional BTC is deposited in long-term corporate holdings. Strategy shares rose a bit in pre-market trading, following the disclosure, and Bitcoin was trading above the $90,000 mark. The low response indicates how the market has become complacent with regards to the aggressiveness of Bitcoin purchases by Strategy.
About Author
