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Strategy Resumes Bitcoin Purchases, Takes Holdings to 478,740 BTC
Executive Chairman Michael Saylor Announces a Bitcoin Purchase of $742.4 million
Updated Feb 10, 2025, 1:08 p.m. Published Feb 10, 2025, 1:00 p.m.
What to know:
- Strategy bought another 7,633 BTC.
- The company, formerly known as MicroStrategy, now holds 478,740 BTC.
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).
Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740 BTC after last week's pause with the purchase of $742.4 million worth of the largest cryptocurrency
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The Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633 BTC in the week ended Feb. 9, Executive Chairman Michael Saylor posted on X. The average purchase price was $97,255 per bitcoin, which raised the overall average purchase price to $65,033
The company didn't buy any bitcoin in the week ended Feb. 2, most likely because it was observing a blackout period during its earnings week. On Feb. 6, the company reported a fourth-quarter net loss of $3.03 per share, compared with income of $0.50 per share a year earlier.
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According to the 8-K filing, the bitcoin purchases were made using proceeds from the sale of shares under the sales agreement and the perpetual preferred equity offering of Strike (STRK).
Saylor teased the purchase announcement once again on Sunday, as he has for the past few months: "Death to the blue lines. Long live the green dots."
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