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Btc Holdings

All articles tagged with #btc holdings

Strategy adds 4,603 BTC, lifting stash to 845,050 BTC
business4 days ago

Strategy adds 4,603 BTC, lifting stash to 845,050 BTC

Strategy, led by Michael Saylor, bought 4,603 BTC for about $369.7 million between Aug. 24–30 at an average price of $80,318, raising its total holding to 845,050 BTC (roughly $66.1 billion at current prices) and about $2.3 billion in unrealized profits. The purchase was funded by ATM sales of MSTR stock; Strategy also advanced a broad program including a $1 billion buyback of digital credit securities, a separate $1 billion common stock buyback, a $5 billion BTC monetization plan, and dividends, suggesting renewed buying after a pause. Saylor posted

Michael Saylor's Strategy Boosts Bitcoin Holdings with $4.2B Plan
business1 year ago

Michael Saylor's Strategy Boosts Bitcoin Holdings with $4.2B Plan

Michael Saylor, chairman of MicroStrategy, defends the firm's substantial Bitcoin holdings, which control about 3% of the total supply, and potentially up to 7%, asserting it is not excessive and comparing it to BlackRock's holdings. The company reported its first profitable quarter with a $10 billion net income in Q2 and a $13.2 billion gain from BTC holdings year-to-date. MicroStrategy funds its Bitcoin acquisitions through stock issuance and debt, and plans to use yield-bearing preferred stocks to raise capital for further Bitcoin purchases, viewing its stock as undervalued and a way to generate Bitcoin-denominated returns.

"Elon Musk's SpaceX Bitcoin Write-down Leaves Bitcoin Community Puzzled"
cryptocurrency3 years ago

"Elon Musk's SpaceX Bitcoin Write-down Leaves Bitcoin Community Puzzled"

The revelation that SpaceX holds Bitcoin on its balance sheet in 2021 has sparked confusion, with conflicting reports about the company's BTC holdings. While some social media outlets claimed that SpaceX had sold its entire BTC holdings, others questioned the wording of the report and the actual amount sold. Elon Musk has not addressed the issue yet, but Bitcoin proponents have criticized his strategy and suggested that he may sell all of his Bitcoin and Dogecoin holdings in the next six months. Despite the uncertainty, Bitcoin proponents are urging traders to hold onto their BTC and not be swayed by market fear, uncertainty, and doubt (FUD).