Michael Saylor’s Strategy buys another 10,624 bitcoin for $963 million as treasury holdings reach 660,624 BTC
Strategy acquired 10,624 more BTC for $963 million, bringing its total holdings to 660,624 BTC.Summary
Strategy (formerly MicroStrategy) purchased an additional 10,624 Bitcoin for approximately $962.7 million between December 1 and December 7, marking its largest purchase since July. This acquisition brings Strategy's total Bitcoin holdings to 660,624 BTC, valued at about $60 billion, representing over 3% of Bitcoin's total supply. The purchase was funded by proceeds from at-the-market sales of its Class A common stock (MSTR) and perpetual Stride preferred stock (STRD). The company also recently established a $1.44 billion USD Reserve to cover preferred stock dividends and debt interest, leading to varied interpretations from analysts regarding its implications for market conditions. Despite a significant drop in its stock value from summer peaks, Michael Saylor remains confident in Strategy's capital structure to withstand severe, prolonged downturns in Bitcoin's price.
(Source：The Block)