Strategy co-founder Michael Saylor said strategy will restore Bitcoin (BTC) On Monday, the company accumulated a week of vacation due to accumulating digital assets.
“For a few weeks, you’re not just Hodell,” executive Write On Sunday. The company skipped buying BTC last week, but $4.2 billion in capital raising announced. Before the break, the strategy continuously increases the accumulation of BTC.
Strategy Recent BTC purchases It happened on June 30, when the company purchased 4,980 BTC for $532 million, with a total stake of 597,325 BTC worth over $700.9 billion.
The company’s shares traded at about $434, up 16% this month, but are still up at its all-time high of $543 per share in November 2024.
Bitcoin Finance Company Now a major player in the Bitcoin market, mine BTC at a faster rate than mining. This requirement can Cause supply shock And push prices higher, although some analysts warn Debt-driven institutional BTC purchases are unsustainable And it may trigger a systemic market downturn.
Related: Strategy will release $13B of Bitcoin earnings, but revenue stalls
Bitcoin Treasury surpasses new sales supply
Bitcoin Finance Company 159,107 BTC purchased in the second quarterstrategically led by BTC’s largest company holder. Bitcoin Library.
Currently, the institution has 3.5 million BTC in its treasury, which includes listed companies, private enterprises, cryptocurrency companies, government organizations, pension funds and asset managers, data Show from the website.
In April, Adam Livingston is the author of “The Big Harvest: Artificial Intelligence, Labor and the Lifeline of Bitcoin.” The strategy is to “combined halving” Bitcoin Through the rapid accumulation of digital currency.
According to Livingston, miners collectively produce about 450 BTC per day, about 13,500 BTC per month, while the strategy amassed 379,800 BTC in six months.
“Strategies have accumulated 379,800 in the past 182 days. 2,087 BTC per day – far exceeding miners,” Livingston said. Writeand at the same time predict that Bitcoin Treasury will become the “financial superpower” in the future.
Magazine: Bilal bin Saqib says
