Connect with us

Uncategorized

Michael Saylor’s Strategy Added 3,081 Bitcoin, Bringing Stack to Nearly 632.5K

Published

on

Amid sizable volatility in prices, Strategy (MSTR) continued building its bitcoin (BTC) stack last week, buying 3,081 coins for $356.9 million, or an average price of $115,829 each.

The company’s holdings are now 632,457 BTC acquired for $46.5 billion, or an average price of $73,527 each.

Bitcoin’s plunge to $111,000 over the past 24 hours makes those holdings worth about $70.2 billion in U.S. Monday morning hours.

Last week’s bitcoin buys were mostly funded via sales of common stock, from which the company raised $300.9 million. Modest sales of three of the four MSTR preferred stock issues accounted for the rest of funding.

Michael Saylor and Strategy last week drew the ire of at least some of their fans, revising a pledge to never sell common stock when the price was below 2.5x mNAV.

MSTR, of course, has been under considerable pressure over the past few weeks and mNAV — a measure of the multiple of the company valuation versus its bitcoin holdings — has been well under 2x for some time.

MSTR is lower by more than 4% premarket alongside the steep slide in bitcoin.

Continue Reading
Click to comment

Leave a Reply

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Uncategorized

Elon Musk vs. the regulators

Published

on

By

Welcome back to TechCrunch Mobility, your hub for all things “future of transportation.” 

Continue Reading

Uncategorized

Nvidia’s AI empire: A look at its top startup investments

Published

on

By

Over the last two years, Nvidia has used its ballooning fortunes to invest in over 100 AI startups. Here are the giant semiconductor’s largest investments.

Continue Reading

Uncategorized

Dating app Cerca will show how Gen Z really dates at TechCrunch Disrupt 2025

Published

on

By

Cerca is a dating app that sets users up with mutual friends.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.