Michael Saylor's Strategy has amassed over $73 billion worth of Bitcoin, having purchased 4,225 tokens for $472 million with an average price of $111,827. The firm has been consistently acquiring the cryptocurrency, boosting its total holdings. Strategy transitioned from common shares to selling preferred shares to raise funds, notably raising $472 million recently. The company is anticipated to report a substantial quarterly profit due to rising Bitcoin prices and a new accounting approach. Since mid-2020, its shares have skyrocketed 3,300%, while Bitcoin itself has surged over 1,000% in the same timeframe.
Michael Saylor's Strategy has surpassed $73 billion in Bitcoin holdings after acquiring 4,225 tokens for $472 million, with the average price at $111,827.
Strategy has pivoted from selling common shares to preferred shares, successfully raising $472 million to fund its continued Bitcoin purchases.
With the resurgence of Bitcoin prices, Saylor's firm is projected to report a multi-billion dollar quarterly profit, alongside significant changes in accounting practices.
Since Michael Saylor started buying Bitcoin in mid-2020, the stock of Strategy has surged 3,300%, while Bitcoin's value has increased over 1,000%.
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