tldr; Strategy, formerly MicroStrategy, paused its weekly Bitcoin purchases for the first time since April, with Chairman Michael Saylor hinting at a ‚HODL‘ strategy. The firm, holding nearly $65 billion in Bitcoin, announced a $4.2 billion preferred stock offering (STRD) aimed at yield-focused investors. Proceeds from such offerings are typically used to buy more Bitcoin. Strategy now holds over 2.8% of the total Bitcoin supply, reporting a $14.05 billion unrealized gain in Q2. Its stock (MSTR) has risen 39% year-to-date.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tianavitoli on
omg they’re reloading, this must mean i should sell everything
partymsl on
All they do as a business is literally find new ways to buy more and more BTC…
piotan on
So investors would be willing to give them money just so they can turn around and buy bitcoin with it?… why not just buy bitcoin themselves…
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tldr; Strategy, formerly MicroStrategy, paused its weekly Bitcoin purchases for the first time since April, with Chairman Michael Saylor hinting at a ‚HODL‘ strategy. The firm, holding nearly $65 billion in Bitcoin, announced a $4.2 billion preferred stock offering (STRD) aimed at yield-focused investors. Proceeds from such offerings are typically used to buy more Bitcoin. Strategy now holds over 2.8% of the total Bitcoin supply, reporting a $14.05 billion unrealized gain in Q2. Its stock (MSTR) has risen 39% year-to-date.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
omg they’re reloading, this must mean i should sell everything
All they do as a business is literally find new ways to buy more and more BTC…
So investors would be willing to give them money just so they can turn around and buy bitcoin with it?… why not just buy bitcoin themselves…