[Stopped for two weeks, the biggest coin-hoarding company made its move again—this time it bought even cheaper🔥🐋]
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The world’s largest Bitcoin coin-hoarding company is back at work. After taking a full two-week break, it didn’t buy a single coin. From September 14 to 20, it scooped up 950 BTC. Total spend: $75.7 million. Average price: about $79,670. That’s slightly higher than its own historical average.🐋
The company already holds 846,000 BTC. Total cost: $63.8 billion, with an average cost of $75,416. At current prices, its unrealized profit is roughly $8.05 billion. A single company’s unrealized gains are higher than the market caps of many listed companies. It alone has absorbed over 4% of all coins online.💰
While buying coins, it’s also shelling out money for share repurchases. Last week, it spent $174 million to repurchase preferred stock—buying back 1.77 million shares of its own preferred stock. That amount is roughly enough to buy another 2,200 Bitcoins. The remaining repurchase authorization is 875 million, with 1 billion shares left. With all this, the cash it can actively use shrank by nearly 20% in a week.📉
So where does the money come from? This week, it didn’t raise funds by issuing new shares. From September 14 to 20, the issuance amount was zero. Previously, it relied on selling stocks and selling preferred shares to raise cash to buy coins. Now it repurchases first, then buys coins—the rhythm has changed. The cash pool has $1.05 billion left, and reserves stand at $5.04 billion.⚙️
On the same day, another coin-hoarding company also wasn’t idle. Last week, it added 1,355 coins, bringing the total to 26,355 BTC. When the news broke, both companies’ share prices jumped together in pre-market trading. Its own stock rose 7.4%, surging to $165 in pre-market. The other company followed up, climbing 6.4%—very tightly chasing the move.🚀
Some say it’s borrowing money to buy coins, and the risk isn’t small. But its unrealized gains are already approaching its historical peak. With the coin price basically going sideways, interest is still rolling in. Whether retail investors should follow this playbook—really, it’s something you have to think through. More and more companies are buying coins, but the story is starting to look increasingly similar.🤔
📌 After pausing for two weeks, it resumed bulk buying: 950 coins, average near 80,000, unrealized profit $8 billion.
If a company like this is hoarding the coins for you, would you dare to follow?
Join Mr. X’s homepage fan group chat🔥
The world’s largest Bitcoin coin-hoarding company is back at work. After taking a full two-week break, it didn’t buy a single coin. From September 14 to 20, it scooped up 950 BTC. Total spend: $75.7 million. Average price: about $79,670. That’s slightly higher than its own historical average.🐋
The company already holds 846,000 BTC. Total cost: $63.8 billion, with an average cost of $75,416. At current prices, its unrealized profit is roughly $8.05 billion. A single company’s unrealized gains are higher than the market caps of many listed companies. It alone has absorbed over 4% of all coins online.💰
While buying coins, it’s also shelling out money for share repurchases. Last week, it spent $174 million to repurchase preferred stock—buying back 1.77 million shares of its own preferred stock. That amount is roughly enough to buy another 2,200 Bitcoins. The remaining repurchase authorization is 875 million, with 1 billion shares left. With all this, the cash it can actively use shrank by nearly 20% in a week.📉
So where does the money come from? This week, it didn’t raise funds by issuing new shares. From September 14 to 20, the issuance amount was zero. Previously, it relied on selling stocks and selling preferred shares to raise cash to buy coins. Now it repurchases first, then buys coins—the rhythm has changed. The cash pool has $1.05 billion left, and reserves stand at $5.04 billion.⚙️
On the same day, another coin-hoarding company also wasn’t idle. Last week, it added 1,355 coins, bringing the total to 26,355 BTC. When the news broke, both companies’ share prices jumped together in pre-market trading. Its own stock rose 7.4%, surging to $165 in pre-market. The other company followed up, climbing 6.4%—very tightly chasing the move.🚀
Some say it’s borrowing money to buy coins, and the risk isn’t small. But its unrealized gains are already approaching its historical peak. With the coin price basically going sideways, interest is still rolling in. Whether retail investors should follow this playbook—really, it’s something you have to think through. More and more companies are buying coins, but the story is starting to look increasingly similar.🤔
📌 After pausing for two weeks, it resumed bulk buying: 950 coins, average near 80,000, unrealized profit $8 billion.
If a company like this is hoarding the coins for you, would you dare to follow?
