Based on the 8-K report submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Bitcoin reserve giant Strategy (NYSE: MSTR) spent approximately 1 billion USD to acquire 13,927 bitcoins at an average price of 71,902 USD from April 6 to 12.
This is also the company’s fourth-largest weekly purchase record this year.
Strategy co-founder and Executive Chairman Michael Saylor pointed out that after this purchase, the company’s bitcoin holdings reached 780,897 coins, which, based on the bitcoin supply cap of 21 million coins, means Strategy has now acquired over 3.7% of the entire network.
However, looking at the ledger, Strategy’s average cost basis for bitcoin is about 75,577 USD per coin, with a total investment of up to 59 billion USD, but the current value is approximately 55.4 billion USD, indicating that Strategy is experiencing an unrealized loss (floating loss) of about 3.6 billion USD.
Regarding funding sources, Strategy’s recent purchase was mainly financed by perpetual preferred stock “Stretch (STRC)”.
Last week, the company sold over 10.02 million shares of STRC, raising 1 billion USD.
Strategy pointed out that as of April 12, the issuance plan for STRC still has a capacity of up to 21.6 billion USD;
as for the A-shares common stock (MSTR), there is also an issuance limit of 27.1 billion USD.
In response to recent market volatility, Michael Saylor recently stated at an investor conference hosted by Mizuho Securities that bitcoin is very likely to have bottomed near 60,000 USD.
He pointed out that the end of a downtrend is often not due to improved market sentiment, but because “the selling pressure from forced liquidations has been exhausted.”
Wall Street investment bank TD Cowen lowered Strategy’s target price by 20% to 350 USD last week, citing a more conservative outlook for bitcoin’s future price.
They also revised downward the company’s potential future bitcoin earnings valuation.
However, although TD Cowen cut the target price for the industry leader, they also shifted their focus to other digital asset reserve companies, including Sharplink, Strive, Nakamoto Holdings, and The Smarter Web Company, which were all added to their tracking list and received “buy” ratings.
保有量が78万枚を突破！Strategyは10億ドルを投じて13,927枚のビットコインを購入
Based on the 8-K report submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, Bitcoin reserve giant Strategy (NYSE: MSTR) spent approximately 1 billion USD to acquire 13,927 bitcoins at an average price of 71,902 USD from April 6 to 12.
This is also the company’s fourth-largest weekly purchase record this year.
Strategy co-founder and Executive Chairman Michael Saylor pointed out that after this purchase, the company’s bitcoin holdings reached 780,897 coins, which, based on the bitcoin supply cap of 21 million coins, means Strategy has now acquired over 3.7% of the entire network.
However, looking at the ledger, Strategy’s average cost basis for bitcoin is about 75,577 USD per coin, with a total investment of up to 59 billion USD, but the current value is approximately 55.4 billion USD, indicating that Strategy is experiencing an unrealized loss (floating loss) of about 3.6 billion USD.
Regarding funding sources, Strategy’s recent purchase was mainly financed by perpetual preferred stock “Stretch (STRC)”.
Last week, the company sold over 10.02 million shares of STRC, raising 1 billion USD.
Strategy pointed out that as of April 12, the issuance plan for STRC still has a capacity of up to 21.6 billion USD;
as for the A-shares common stock (MSTR), there is also an issuance limit of 27.1 billion USD.
In response to recent market volatility, Michael Saylor recently stated at an investor conference hosted by Mizuho Securities that bitcoin is very likely to have bottomed near 60,000 USD.
He pointed out that the end of a downtrend is often not due to improved market sentiment, but because “the selling pressure from forced liquidations has been exhausted.”
Wall Street investment bank TD Cowen lowered Strategy’s target price by 20% to 350 USD last week, citing a more conservative outlook for bitcoin’s future price.
They also revised downward the company’s potential future bitcoin earnings valuation.
However, although TD Cowen cut the target price for the industry leader, they also shifted their focus to other digital asset reserve companies, including Sharplink, Strive, Nakamoto Holdings, and The Smarter Web Company, which were all added to their tracking list and received “buy” ratings.