MicroStrategy Hoards 94% of March Bitcoin While MSTR Bleeds for 9 Months
MicroStrategy acquired 94% of all Bitcoin purchased by public companies in March, yet its stock (MSTR) has experienced nine consecutive months of losses.Summary
MicroStrategy, now known as Strategy, significantly outpaced other public companies in Bitcoin acquisition during March, purchasing 44,377 BTC, representing 94% of the total. This aggressive buying was funded through sales of STRC and MSTR ATM shares. Despite this substantial investment, which now totals 762,099 BTC worth approximately $52.36 billion, MicroStrategy’s stock (MSTR) has been on a nine-month losing streak, with year-to-date returns of negative 47.53% and negative 19.27% respectively. Other companies largely refrained from buying, with some, like MARA Holdings, actively selling off their Bitcoin holdings. This raises concerns about the sustainability of MicroStrategy’s strategy if broader institutional demand remains weak.
(Source：BeInCrypto)