Disclaimer: The analyst who wrote this work owns Strategic Stock (MSTR).
Strategy (MSTR) has increased its Bitcoin (BTC) holdings to 478,740 BTC after last week’s hiatus on the biggest cryptocurrency purchases last week
Tyson Corner, Virginia, formerly known as MicroStrategy, purchased 7,633 BTC in the week that ended February 9th. Executive Secretary Michael Saylor posted an X. The average purchase price was $97,255 per Bitcoin.
The company did not purchase Bitcoin in the week that ended February 2nd. This is because it is likely that they were observing a power outage period during the revenue week. On February 6, the company reported its fourth net loss of $3.03 per share, compared to its previous year’s revenue of $0.50 per share.
According to 8-K filing, the purchase of Bitcoin was made using the sale of shares under a sales agreement and the permanent preferred share offering (STRK).
For the past few months, Saylor teased once more about the purchase announcement on Sunday, “Death to the blue line. Lives long green dots.”