【Stopped buying for two weeks, the biggest coin-stacking company has moved again—this time buying even cheaper 🔥🐋】
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The world’s largest Bitcoin coin-hoarding company has started work again. After taking a full two-week break, it bought not a single coin. From September 14 to 20, it scooped up 950 coins. Total cost: $75.70 million. Average price: about $79,670. That’s slightly higher than its own historical average. 🐋
The company already holds 846,000 coins. Total cost: $63.8 billion, average cost: $75,416. At current prices, its unrealized profit is roughly $8.05 billion. A company’s unrealized gains are higher than the market caps of many listed companies. It alone has absorbed over 4% of the coins in the entire market. 💰
While buying coins, it’s also spending money to repurchase shares. Last week, it shelled out $174 million to repurchase preferred stock—buying back 1.77 million shares of its own preferred stock. That money is roughly enough to buy another 2,200 Bitcoins. The remaining repurchase authorization is $875 million, and shares left are 1.0 billion. Its cash available to deploy dropped by nearly 20% in a week. 📉
Where does the money come from? This past week, it didn’t raise funds by issuing new stock. From September 14 to 20, the issuance amount was zero. Previously, it relied on selling stock and preferred shares to raise money to buy coins. Now it repurchases first, then buys coins—the rhythm has changed. Its cash pool is still at $1.05 billion, with reserves of $5.04 billion. ⚙️
On the same day, another coin-hoarding company wasn’t idle either. Last week it added 1,355 coins, bringing the total to 26,355 coins. After the news came out, both companies’ share prices rose together in the premarket session. Its own stock jumped 7.4%, surging to $165 in premarket trading. The other company followed up, rising 6.4%—chasing very closely. 🚀
Some say it’s buying coins with borrowed money, and the risk isn’t small. But its unrealized profit is already close to its all-time high. Even if the coin price just moves sideways, the interest keeps running. Whether this kind of play is something retail investors should follow—that really needs to be thought through. More and more companies are buying coins, but the story is starting to look more and more the same. 🤔
📌 After pausing for two weeks, it resumed sweeping: 950 coins, average price near $80,000, unrealized profit of $8 billion.
If a company does the hoarding for you, would you dare to follow suit?
Group chat: 📲 加入X先生的粉丝群聊
The world’s largest Bitcoin coin-hoarding company has started work again. After taking a full two-week break, it bought not a single coin. From September 14 to 20, it scooped up 950 coins. Total cost: $75.70 million. Average price: about $79,670. That’s slightly higher than its own historical average. 🐋
The company already holds 846,000 coins. Total cost: $63.8 billion, average cost: $75,416. At current prices, its unrealized profit is roughly $8.05 billion. A company’s unrealized gains are higher than the market caps of many listed companies. It alone has absorbed over 4% of the coins in the entire market. 💰
While buying coins, it’s also spending money to repurchase shares. Last week, it shelled out $174 million to repurchase preferred stock—buying back 1.77 million shares of its own preferred stock. That money is roughly enough to buy another 2,200 Bitcoins. The remaining repurchase authorization is $875 million, and shares left are 1.0 billion. Its cash available to deploy dropped by nearly 20% in a week. 📉
Where does the money come from? This past week, it didn’t raise funds by issuing new stock. From September 14 to 20, the issuance amount was zero. Previously, it relied on selling stock and preferred shares to raise money to buy coins. Now it repurchases first, then buys coins—the rhythm has changed. Its cash pool is still at $1.05 billion, with reserves of $5.04 billion. ⚙️
On the same day, another coin-hoarding company wasn’t idle either. Last week it added 1,355 coins, bringing the total to 26,355 coins. After the news came out, both companies’ share prices rose together in the premarket session. Its own stock jumped 7.4%, surging to $165 in premarket trading. The other company followed up, rising 6.4%—chasing very closely. 🚀
Some say it’s buying coins with borrowed money, and the risk isn’t small. But its unrealized profit is already close to its all-time high. Even if the coin price just moves sideways, the interest keeps running. Whether this kind of play is something retail investors should follow—that really needs to be thought through. More and more companies are buying coins, but the story is starting to look more and more the same. 🤔
📌 After pausing for two weeks, it resumed sweeping: 950 coins, average price near $80,000, unrealized profit of $8 billion.
If a company does the hoarding for you, would you dare to follow suit?
