Strategy, formerly known as MicroStrategy, continues its relentless Bitcoin acquisition strategyโeven as the crypto market faces mounting pressure from global macroeconomic headwinds. The companyโs latest purchase comes at a critical time: the Bank of Japan is expected to raise interest rates, which could strengthen the dollar and deepen the decline of risk assets like BTC.
$980 Million Bitcoin Purchase
According to a fresh SEC filing, Strategy acquired 10,645 BTC last week for a total of $980.3 million, at an average price of $92,098 per BTC.
This brings the company's total holdings to 671,268 BTC, acquired for $50.33 billion at an average cost of $74,972. The companyโs year-to-date (YTD) BTC return now stands at +24.79%.
Funded by Stock Sales
The acquisition was financed through the following share offerings:
๐น STRK: $600,000 raised
๐น STRD: $82.2 million raised
๐น MSTR: $888.2 million raised
Together, these proceeds covered the entire BTC purchase.
Doubling Down Despite Market Risks
This latest buy follows another major acquisition just weeks ago, when Strategy bought 10,624 BTC for $962.7 million. Combined, these two deals mark the largest BTC purchases since July, when the company acquired $2.46 billion worth of Bitcoin.
Despite falling prices and rising volatility, Strategy continues to expand its Bitcoin treasury. Meanwhile, index providers like MSCI are considering excluding companies with high crypto exposure from global indices. In response, Strategy formally requested MSCI to reconsider this proposal.
MSTR Stock Hit by Bitcoin Correlation
Strategyโs stock (MSTR) remains tightly correlated with Bitcoinโs price. In the past month alone, MSTR has dropped over 24%, mirroring Bitcoinโs fall below the $100,000 mark.
According to TradingView, the stock is currently trading flat in pre-market hours at $177, only slightly above last weekโs closing price of $176.
Summary: Strategy reaffirms its unwavering belief in Bitcoin. Even as the Bank of Japan prepares to hike interest rates and pressure on crypto assets grows, Michael Saylor continues building the worldโs largest corporate Bitcoin treasury.
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