tldr; Michael Saylor’s Strategy has acquired 7,390 Bitcoin for $765 million, increasing its holdings to 576,230 BTC worth over $59 billion. The purchase was funded through equity and stock issuance. The company aims to hold $42 billion in Bitcoin by 2027, controlling over 2.7% of the total BTC supply. Strategy is also facing a class action lawsuit alleging misleading statements and undisclosed risks related to its Bitcoin strategy and accounting rules, which it plans to defend vigorously.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
WiseChest8227 on
Will they ever stop buying?
letsdrinktothat on
Maybe the lawsuit will drop MSTR to a more realistic level? It’s way overpriced at the moment relative to the value of their HODL stack.
wotboisRevenge on
This is not going to end well.
AgitatedDragonfly769 on
Every time he buys we dip. It’s a tale as old as time
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tldr; Michael Saylor’s Strategy has acquired 7,390 Bitcoin for $765 million, increasing its holdings to 576,230 BTC worth over $59 billion. The purchase was funded through equity and stock issuance. The company aims to hold $42 billion in Bitcoin by 2027, controlling over 2.7% of the total BTC supply. Strategy is also facing a class action lawsuit alleging misleading statements and undisclosed risks related to its Bitcoin strategy and accounting rules, which it plans to defend vigorously.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Will they ever stop buying?
Maybe the lawsuit will drop MSTR to a more realistic level? It’s way overpriced at the moment relative to the value of their HODL stack.
This is not going to end well.
Every time he buys we dip. It’s a tale as old as time