1 week ago
Michael Saylor’s Strategy has expanded its Bitcoin treasury again, buying astir $1 cardinal successful BTC adjacent arsenic integer plus treasury inflows chill and its ain banal trades sharply little connected the year.
Strategy president Michael Saylor announced connected X that the institution bought 10,624 Bitcoin (BTC) for astir $962.7 cardinal astatine an mean terms of $90,615 per coin past week. The determination brings Strategy’s full holdings to 660,624 BTC, acquired for astir $49.35 cardinal astatine an mean terms of $74,696.
The determination comes during a unsmooth agelong for Strategy’s equity. According to Google Finance, Strategy shares precocious traded astir $178.99, down 51% implicit the past 12 months.
Despite this, the institution has billions successful unrealized gains connected its BTC holdings. According to BitcoinTreasuries.NET, Strategy’s existent BTC holdings are worthy astir $60 billion, much than 22% supra the firm’s aggregate outgo basis.
Strategy is up 22% connected its Bitcoin holdings. Source: BitcoinTreasuries.NETSaylor pushes Bitcoin to wealthiness funds arsenic integer capital
At the Bitcoin MENA lawsuit successful Abu Dhabi connected Monday, Saylor said helium had been gathering with sovereign wealthiness funds and a divers scope of investors, including radical who tally banks and household offices, to sermon Bitcoin.
“My connection by the mode is precise straightforward. My connection is: We present person integer capital. Bitcoin is integer capital. It’s integer gold,” Saylor said. “On apical of integer capital, we person a caller plus people called integer credit. Digital recognition strips the volatility from the superior and provides yield.”
Despite a downturn successful Strategy banal prices, the company’s president consistently reaffirms their belief successful the asset, saying precocious connected societal media that they “won’t backmost down” from their Bitcoin bet.
Strategy besides precocious raised $1.44 cardinal to dispel fear, uncertainty and doubt, oregon FUD. According to Strategy CEO Phong Le, determination were concerns astir whether the institution could continue to work its debts and outgo obligations should the stock’s terms autumn excessively far.
“There was FUD that was enactment retired determination that we wouldn’t beryllium capable to conscionable our dividend obligations, which causes radical to heap into a abbreviated Bitcoin bet,” helium said.
Related: Cantor slashes Strategy people by 60%, tells clients forced-sale fears are overblown
DAT inflows successful November driblet to lowest successful 2025
Strategy’s latest Bitcoin acquisition comes amid integer plus treasuries (DATs) having their slowest month successful November. DefiLlama information showed that DATs lone had $1.32 cardinal successful inflows during the month, down 34% from October.
Bitcoin-focused firms led the period with implicit a cardinal successful inflows driven by Strategy’s $835 cardinal bargain connected Nov. 17. Ether-focused DATs flipped antagonistic with $37 cardinal successful outflows.
Magazine: Koreans ‘pump’ alts aft Upbit hack, China BTC mining surge: Asia Express
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