Strategy has acquired more Bitcoin despite market worries, with its total BTC holdings now approaching $47.5 billion
The latest batch of coins has been acquired at $111,053 BTC, which is below the current price of $115,264. The company's average purchasing price has now surpassed $74,000. Scaramucci’s New Crypto-Related Project Is Coming XRP Reversal Sends Price Towards $1, DOGE Treasury to Go Public, Bitcoin Beats Gold, Binance’s CZ Pardoned — Top Weekly Crypto NewsWhile the most recent purchase is not particularly impressive, it is substantially bigger than the tiny $18.
8 million purchase that the company announced The stock is down 11.44% over the past month amid concerns about share dilution and digital asset treasury fatigue. The company's premium relative to NAV has now plunged to just 1.16 after surging to as high as 3.1 last November. With that being said, it is worth noting that Strategy has purchased Bitcoin for the third time in a row without selling any new shares of its common stock, meaning that there was no dilution. These Bitcoin buys have been funded with preferred stock instead. RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion
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