Michael Saylor revealed the firm bought 3,081 #BTC for $357M, bringing total holdings to 632,457 BTC over 3% of Bitcoin’s supply.
To fund the buy, Strategy sold 875K $MSTR shares ~$310M last week. The move sparked debate over stock dilution, as MSTR’s price fell harder than BTC.
Saylor’s updated guidance now allows BTC purchases via MSTR sales even when the premium dips below 2.5x. Some call it risky, others call it strategic accumulation.
Analyst Jeff Walton even suggests MSTR could join the S&P 500, given its trading volume ranks 14th among U.S. equities.
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Michael Saylor revealed the firm bought 3,081 #BTC for $357M, bringing total holdings to 632,457 BTC over 3% of Bitcoin’s supply.
To fund the buy, Strategy sold 875K $MSTR shares ~$310M last week. The move sparked debate over stock dilution, as MSTR’s price fell harder than BTC.
Saylor’s updated guidance now allows BTC purchases via MSTR sales even when the premium dips below 2.5x. Some call it risky, others call it strategic accumulation.
Analyst Jeff Walton even suggests MSTR could join the S&P 500, given its trading volume ranks 14th among U.S. equities.
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