Bitcoin News
By Evie Vavasseur
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Funded by a Record-Breaking Stock Offering. The $2.46 billion acquisition was funded using proceeds from the company’s recent IPO of Variable…
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Bitcoin Holdings Reach 628,791 BTC. Following this purchase, Strategy’s total Bitcoin holdings have grown to an impressive 628,791…
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A Look Back at Previous Bitcoin Buys. This latest buy is significant, but not the company’s biggest.
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Shift in Market Behavior: Long-Term Holders Begin Selling. While Strategy continues to accumulate and HODL Bitcoin, other market participants are showing a…
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What Does This Mean for Bitcoin’s Future?. The behavior of major players like Strategy suggests strong long-term confidence in Bitcoin.
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Final Thoughts. Strategy’s $2.46 billion Bitcoin buy is not just another corporate purchase—it’s a signal to the…
7 / 15
Bitcoin-focused company Strategy has made headlines once again by purchasing 21,021 BTC worth approximately $2.46 billion.
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Michael Saylor, the Chairman of Strategy, revealed the news in a recent post on X (formerly Twitter).
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The $2.46 billion acquisition was funded using proceeds from the company’s recent IPO of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
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Strategy revealed that the STRC stock will be listed on the Nasdaq, becoming the first U.S. exchange-listed perpetual preferred security issued by a Bitcoin treasury company.
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Following this purchase, Strategy’s total Bitcoin holdings have grown to an impressive 628,791 BTC, with an average cost basis of $73,277 per coin.
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At the current market value, Strategy’s Bitcoin reserve is worth around $74.04 billion, reflecting a profit of roughly $27.96 billion, or 60.6% gains.
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This latest buy is significant, but not the company’s biggest. In November 2024, Strategy made two massive Bitcoin purchases: one worth $5.43 billion, and another close to $4.
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CryptoQuant analyst Maartunn shared a chart on X highlighting the size of Strategy’s recent buys.
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Glassnode shared a chart displaying the supply ratio between STHs and LTHs. This ratio has declined by 11% in the past month, indicating a rotation of Bitcoin from long-term…
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