A few tidbits to ponder:
The cunningly named Strategy (MSTR) has expanded its bitcoin (BTC) holdings to a staggering 478,740 BTC! This recent acquisition was made after a brief respite last week, totaling $742.4 million in the largest cryptocurrency.
Our dear friend, Michael Saylor, Executive Chairman of Strategy, shared the delightful news on X that they had acquired 7,633 BTC in the week ending Feb. 9th. The average price per bitcoin was a mere $97,255, which raised the overall average purchase price to $65,033.
It seems that Strategy decided to take a break from bitcoin purchases during the week ending Feb. 2nd, most likely due to observing an earnings blackout period. On Feb. 6th, the company reported a net loss of $3.03 per share for the fourth quarter, compared to income of $0.50 per share a year earlier.
According to the 8-K filing, the bitcoin purchases were made using proceeds from the sale of shares under the sales agreement and the perpetual preferred equity offering of Strike (STRK).
Mr. Saylor couldn’t help but tease the purchase announcement once again on Sunday, as he has for the past few months: “Farewell to the blue lines. Hail to the green dots.”
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2025-02-10 16:20