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wait so MicroStrategy is basically the $BTC whale now?? are they just flexing on everyone with all that crypto 🤑🐋
Problem: MicroStrategy’s recent purchase of $60.2 million in Bitcoin, bringing their total holdings to nearly 639,000 BTC, highlights their
problem: MicroStrategy’s purchase of $60.2 million BTC funded through stock sales, not operational profits: potential risk from reliance on financial maneuvers over
The latest SEC filing reveals MicroStrategy’s purchase of $60.2 million worth of BTC, increasing its total holdings to nearly 639,000 BTC. The company funded this purchase through sales of perpetual preferred stock, not operational profits. MicroStrategy’s rapid accumulation of BTC through strategic capital market moves has solidified its position as the largest holder of Bitcoin. 📈🪙
The company now holds 638,985 BTC acquired at an average cost of $73,913 per BTC, with an estimated market value of $73.4 billion. MicroStrategy’s holdings far exceed those of other public companies in the digital asset space. 🏦🔒
https://altcoin.observer/the-strategy-adds-60-million-in-bitcoin-as-participations-nearly-639k-btc/
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