CandleFocus

Michael Saylor signals Strategy’s new Bitcoin purchase after one-week break

The article reports that Strategy, formerly known as MicroStrategy, may have resumed its Bitcoin purchases. This information comes after CEO Michael Saylor posted a Bitcoin tracker on Twitter, which is usually followed by a Bitcoin acquisition announcement. Strategy recently announced a $2 billion convertible senior note offering, with the proceeds intended for general corporate purposes, including Bitcoin acquisitions. The company currently holds 478,740 Bitcoin valued at approximately $46 billion. Strategy has invested around $31 billion in Bitcoin, generating nearly $15 billion in unrealized gains. Bitcoin experienced volatility this week, reaching $99,000 before pulling back below $95,000. It is currently trading at around $95,700.

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