Strategy’s Bitcoin Bet Now $3.35 Billion In The Red As Saylor Tells Investors To Wait
Strategy’s stock is trading below the value of its own Bitcoin holdings — an unusual position for a company that has built its entire identity around the cryptocurrency’s rise. Related Reading: Bitcoin Climbs Back To $73,000 As Short Squeeze Wipes Out $246M In Futures Bets A Streak That Keeps Going The Virginia-based firm added 17,994 BTC to its reserves last week, paying roughly $1. 28 billion at an average of $70,946 per coin. It was the company’s 102nd Bitcoin purchase and the 11th straight week it has bought more
BTC
Disclaimer: This content is provided via CryptoPanic and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.