Strategy kept stacking in hack week, but look at the split
Per Michael Saylor today, Strategy bought 811 $BTC and also repurchased $208M of its STRC preferred stock. It now holds 849,327 BTC, about 4% of all bitcoin that will ever exist, plus $4.9B in USD assets.
At today's ~$77.5K, those 811 coins are roughly $63M. So more money went into buying back its own preferred shares than into bitcoin this week.
My take: that's balance-sheet housekeeping, not a vote against BTC. But with the biggest corporate buyer going lighter, I don't expect it alone to push BTC out of its $76K-80K range this week. A big Strategy buy again would be the tell that the bid is back.
#Bitcoin #Strategy #Saylor #BTC
NFA
Per Michael Saylor today, Strategy bought 811 $BTC and also repurchased $208M of its STRC preferred stock. It now holds 849,327 BTC, about 4% of all bitcoin that will ever exist, plus $4.9B in USD assets.
At today's ~$77.5K, those 811 coins are roughly $63M. So more money went into buying back its own preferred shares than into bitcoin this week.
My take: that's balance-sheet housekeeping, not a vote against BTC. But with the biggest corporate buyer going lighter, I don't expect it alone to push BTC out of its $76K-80K range this week. A big Strategy buy again would be the tell that the bid is back.
#Bitcoin #Strategy #Saylor #BTC
NFA
