One company now owns 4% of all the bitcoin that will ever exist ๐
Strategy (Michael Saylor's firm, formerly MicroStrategy) just bought 334 more $BTC for $28.7M, at about $85,839 each. Total stack: 848,000 BTC, according to its SEC filing on Oct 5.
Their average cost is $75,441 per coin. With BTC near $82.9K today, that's roughly $70.3B of bitcoin bought for about $64B: around +$6.3B, or +10%, on paper.
Why it's more interesting than "whale buys more":
โข Every $1,000 move in BTC changes their bag by about $848M, up or down
โข If BTC fell back near $75.4K, that whole paper profit would disappear
โข Same week, they spent $176.3M buying back their own STRC preferred shares (a kind of company IOU that pays investors a yield). That's about 6x what went into bitcoin. Their buying pace also dropped ~80% vs the week before
So the real story isn't only "they keep buying". It's that even the biggest believer is now juggling debt-like products and cash, not just stacking.
What changes for you? The one number Saylor watches is the one most small holders never calculate: your average price.
Picture Awa in Dakar putting 2,000 FCFA into BTC every week. If she writes down each buy, she can divide total money spent by total coins and know exactly where she stands. Without it, every red candle feels like a disaster, and every green one feels like a reason to buy more at the top.
Do you know your average buy price, or do you just look at the chart? ๐
Not financial advice. Crypto is volatile: only use money you can afford to lose.
#Bitcoin #Saylor #CryptoNews #DCA
Strategy (Michael Saylor's firm, formerly MicroStrategy) just bought 334 more $BTC for $28.7M, at about $85,839 each. Total stack: 848,000 BTC, according to its SEC filing on Oct 5.
Their average cost is $75,441 per coin. With BTC near $82.9K today, that's roughly $70.3B of bitcoin bought for about $64B: around +$6.3B, or +10%, on paper.
Why it's more interesting than "whale buys more":
โข Every $1,000 move in BTC changes their bag by about $848M, up or down
โข If BTC fell back near $75.4K, that whole paper profit would disappear
โข Same week, they spent $176.3M buying back their own STRC preferred shares (a kind of company IOU that pays investors a yield). That's about 6x what went into bitcoin. Their buying pace also dropped ~80% vs the week before
So the real story isn't only "they keep buying". It's that even the biggest believer is now juggling debt-like products and cash, not just stacking.
What changes for you? The one number Saylor watches is the one most small holders never calculate: your average price.
Picture Awa in Dakar putting 2,000 FCFA into BTC every week. If she writes down each buy, she can divide total money spent by total coins and know exactly where she stands. Without it, every red candle feels like a disaster, and every green one feels like a reason to buy more at the top.
Do you know your average buy price, or do you just look at the chart? ๐
Not financial advice. Crypto is volatile: only use money you can afford to lose.
#Bitcoin #Saylor #CryptoNews #DCA