You can also read this news on COINTURK NEWS: MicroStrategy’s Strategic Shift Sparks Curiosity in Bitcoin Markets
Under the leadership of Michael Saylor, MicroStrategy, now operating under the Strategy brand, announced last week that it did not purchase Bitcoin or sell shares. Given that the company acquired Bitcoin thirteen times in the last fourteen weeks, this announcement has raised eyebrows.
In a press release, the company stated that it did not engage in Bitcoin purchases or share sales last week as part of market regulation. This deviation from its continuous weekly trading routine is being closely monitored by industry observers.
However, as of the time this article was prepared, it was announced that cash obtained from a $2 billion bond issuance would be used for new BTC purchases. The company is issuing bonds to generate cash and is investing the borrowed funds into cryptocurrency. This indicates that significantly more BTC could soon come into circulation, especially considering the declining BTC supply on exchanges.
The previous week, Strategy’s acquisition of 7,633 Bitcoins for $742 million caught the attention of many market participants. The company seems to be adopting a different strategy following its rebranding.
The released statement indicated that Strategy holds a total of 478,740 Bitcoins, acquired at an average price of $65,033. This level of Bitcoin reserve is considered a noteworthy factor in the market.
Michael Saylor: “No Bitcoin purchases or share sales were made last week.”
The details in the company’s statements highlight the necessity for careful analysis of strategic moves within the market. Observers and participants in the sector tend to closely follow the future steps that Strategy will undertake.
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