MicroStrategy ($MSTR ) just bought 1,666 more $BTC for $142.7M, at ~$85,681 per coin, while Bitcoin trades near $83K.
Total: 847,666 BTC, over 4% of the 21M supply. Average cost: $75,437, so Saylor is comfortably in profit.
But here's the spicy part: it also spent $151.7M buying back STRC preferred stock, funded by common share sales.
Is MicroStrategy stacking Bitcoin, or just recycling equity to defend its own capital structure? Bulls call it conviction. Skeptics call it a reflexive loop.
What's your take on that? 🤔
#Bitcoin #MicroStrategy #StrategyAdds1666BTCHoldingsReach847666 #BitgetHackerFailsToMoveStolenFunds
$QNT
Total: 847,666 BTC, over 4% of the 21M supply. Average cost: $75,437, so Saylor is comfortably in profit.
But here's the spicy part: it also spent $151.7M buying back STRC preferred stock, funded by common share sales.
Is MicroStrategy stacking Bitcoin, or just recycling equity to defend its own capital structure? Bulls call it conviction. Skeptics call it a reflexive loop.
What's your take on that? 🤔
#Bitcoin #MicroStrategy #StrategyAdds1666BTCHoldingsReach847666 #BitgetHackerFailsToMoveStolenFunds
$QNT
