Home NewsStory Strategy Bitcoin Purchase Continues for 9th Week

Strategy Bitcoin Purchase Continues for 9th Week

by Ouess
Strategy Bitcoin Purchase

In a stunning show of defiance, Strategy has executed its ninth consecutive weekly Strategy Bitcoin purchase, buying another 196 BTC for $22.1 million. This bold move comes as both Bitcoin and the company’s own stock (MSTR) face a significant downturn, proving that Michael Saylor’s “Always Be Stacking” mantra is a relentless strategy.

Details of the Latest Strategy Bitcoin Purchase

The company confirmed the latest acquisition, revealing it paid an average price of $113,048 per Bitcoin. This brings MicroStrategy’s gigantic treasury to a staggering 640,031 BTC, with a total investment of $47.35 billion.

To fund this latest Strategy Bitcoin purchase, the company sold shares of its MSTR, STRF, and STRD stock, raising a total of over $128 million. Interestingly, they only used a portion of this—$22 million—to buy Bitcoin, potentially reserving more capital for future buys.

Saylor’s Cryptic Signal Becomes Reality

As he often does, Michael Saylor telegraphed this move with a cryptic social media post. The day before the announcement, he simply stated, “Always ₿e Stacking.” This phrase has become a clear signal to the market that another Strategy Bitcoin purchase is imminent, reinforcing his unwavering commitment to accumulate BTC regardless of short-term price action.

Buying Through the Pain

Strategy Bitcoin purchase
BTC Price Source : TradingView

This relentless accumulation comes at a challenging time. Strategy’s stock has been hammered, nearly erasing its year-to-date gains and now up only 3%. The stock recently fell below $300 as Bitcoin dipped toward $108,000.

Strategy Bitcoin purchase
MSTR Price Source : TradingView

However, both have shown resilience, with MSTR bouncing back to $314 as Bitcoin reclaimed $112,000. Saylor’s strategy of buying through the pain demonstrates a radical long-term conviction that continues to captivate and polarize the entire financial world.

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
Social Media Auto Publish Powered By : XYZScripts.com
Skip to content