How much Bitcoin did Strategy buy recently?

Strategy recently acquired 130 Bitcoin at an average price of $89,960 per coin.

What triggers a potential Bitcoin sale by Strategy?

A Bitcoin sale by Strategy could be triggered if its stock trades below 1x mNAV and it cannot raise new capital.

What is Strategy's total Bitcoin holding?

Strategy now holds 650,000 Bitcoin, acquired for a total of $48.38 billion.

Home / Business and Economy / Strategy Buys $1.44 Billion in Bitcoin Amid Market Fears

Strategy Buys $1.44 Billion in Bitcoin Amid Market Fears

1 Dec

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Summary

Strategy acquired 130 Bitcoin last week at $89,960 per coin.
Company now holds 650,000 Bitcoin valued at $48.38 billion.
A sale of Bitcoin could be triggered if stock falls below 1x mNAV.

Strategy Buys $1.44 Billion in Bitcoin Amid Market Fears

Strategy has significantly increased its Bitcoin holdings by acquiring 130 BTC in the past week, with an average purchase price of $89,960 per coin. This strategic acquisition brings the company's total Bitcoin reserves to 650,000, acquired for a total of $48.38 billion.

The company's substantial investment in Bitcoin has drawn attention amid market volatility. CEO Phong Le has outlined specific conditions that could compel Strategy to sell its Bitcoin reserves. These include the company's stock trading below its net asset value (1x mNAV) and an inability to raise further capital through debt or equity markets.

This proactive treasury management aims to ensure financial stability even under adverse market conditions. The formation of a $1.44 billion U.S. dollar reserve further signals the company's commitment to navigating potential downturns while maintaining its significant Bitcoin position.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.