Michael Saylor Hints at More Bitcoin Buys as BTC Hovers Above $93K
Michael Saylor hints at new Bitcoin accumulation as Strategy reinforces its long-term BTC thesis amid volatile markets and mixed institutional sentiment.
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Michael Saylor hints at new Bitcoin accumulation as Strategy reinforces its long-term BTC thesis amid volatile markets and mixed institutional sentiment.
MSTR fell as Bitcoin hovered near $90K. Saylor’s Strategy bought 10,645 BTC for ~$980M, lifting its treasury to 671,268 BTC.
Saylor teases fresh BTC buy with “Back to More Orange Dots” as BTC hovers near $90K; Strategy holds ~660,624 BTC after Dec. 12 add.
Michael Saylor says big finance hasn’t made Bitcoin wilder. Swings are narrowing as the asset base and market structure deepen.
With crypto markets crashing, crypto companies finished Monday lower overall, but miners were uneven, with a couple of outliers firming into the bell.
Strategy’s Michael Saylor defended his firm’s aggressive Bitcoin acquisition tactics, calling the cryptocurrency “digital capital” and a “50-year” asset during a CNBC interview.
Strategy filed a $4.2 billion share sale to further expand its Bitcoin treasury following record Q2 profits. The firm now holds 594,325 BTC worth $64.4 billion.
Michael Saylor’s Strategy has acquired an additional 4,980 BTC for $531 million, marking its 12th consecutive week of Bitcoin purchases.
Bitcoin (BTC) shot up beyond $87,000 after Strategy (previously MicroStrategy) purchased a massive 6,911 BTC for $584.1 million.
Michael Saylor is pushing the SEC task force to establish a regulatory framework for crypto, including the creation of a strategic reserve.
The company’s total Bitcoin stash now stands at 499,096 BTC, acquired at an average price of $66,357 per coin, bringing its total valuation to around $33.1 billion.
Strategy (formerly MicroStrategy) has priced a $2 billion offering of convertible senior notes, with an option for buyers to purchase an additional $300 million, as part of its aggressive Bitcoin acquisition strategy.
Investment bank KBW initiates coverage of Strategy with an outperform rating, highlighting the company’s potential as a leveraged Bitcoin investment vehicle.
MicroStrategy unveils new identity as Strategy, emphasizing its position as world’s largest Bitcoin treasury while reporting Q4 Bitcoin yield of 74.3%.
MicroStrategy halts its weekly Bitcoin purchases temporarily while preparing to close a $563.4M preferred stock offering, maintaining its long-term crypto strategy.