Michael Saylor’s Strategy Makes Smallest Bitcoin Buy in 10 Weeks

Strategy, formerly micro strategy, said on Monday that it had recently bought $ 75 million from Bitcoin, according to a Securities and Exchange Commission submit.

The Tysons, the Virginia -based company, said that it now owns around 581,000 Bitcoin worth $ 60.4 billion based on current prices. In the meantime, strategy said that it sold for $ 74 million in preferential shares through an AT-the-money offering program.

The announcement of the strategy follows a controversial week, in which the co-founder and executive chairman of the company, Michael Saylor Saylor, has Evangelized Bitcoin for thousands of people who have the annual Confab of BTC Inc. In Las Vegas, Nevada attended. That included the conference penultimate speechin which he ignored his ’21 ways’ wealth.

The most recent Bitcoin acquisition in Strategy represents the smallest purchase since mid-March, when, according to Bitcoin, the company bought $ 10 million, according to Saylor Tracker. The most recent purchase was funded by the sale of two types of preferential shares: the eternal strategy of the preferred stock, strk of strategy’s perpetual strife preferred stock, or strf.

The share price of the strategy decreased when the markets opened in the US on Monday and, according to 0.34%, decreased to around $ 367.75, according to Yahoo Finance. Although the shares of the company year to date increase by 26% and surpass the Bitcoin’s climb, strategy shares have granted 7% in the past month.

Bitcoin recently changed owner around $ 104,000, a decrease of 0.2% in the last 24 hours, according to Crypto Data Provider Coentecko. Last month it actively climbed to a record high of $ 111,000 before he gave that profit.

At the Bitcoin conference last week, companies appeared as a strategy that buy more Bitcoin than usual by using business debt in vogue. The Japanese investment company Metaplanet and Strive Asset Management, a company that was co -founded by former Republican presidential candidate Vivek Ramaswamy, belonged to various companies with representatives touring the floor.

During his last speech in Las Vegas, who attracted thousands of spectators, Saylor said that Bitcoin is far from only for companies and that it can be used by someone to retain their wealth.

“It’s for everyone,” Saylor told a thunderous applause. “Take your Fiat currency, exchange it for Bitcoin. Take your long-term capital, exchange it for Bitcoin. Sell your bonds, trade [them] For Bitcoin. Sell ​​your inferior equity, sell your inferior real estate, buy Bitcoin. “

Published by James Rubin