There are only a few certainties in life, and one of them is that strategy – previously known as micro strategy -bitcoin (BTC) continues to buy. The company recently struck again with a million investigation.
1.895 BTC added to reserves
The most recent report to the American stock market watchdog SEC shows that Strategy has again fired firmly between April 28 and May 4. In total, the company added 1,895 BTC to its balance, good for an investment of around $ 180 million.
Over the years, Strategy has gathered an unprecedented amount of Bitcoin. The company currently has no less than 555,450 BTC, which were purchased together for around $ 38 billion. At the current rate of $ 94,000 per bitcoin, this represents a value of $ 52 billion, or an impressive paper profit of $ 14.2 billion.
Financing through stock sales
The purchase was not paid from the greenhouse, but financed through the stock market. Strategy sold 353,825 Ordinary shares (MSTR) and 575,392 preference shares (STRK), which together resulted in a revenue of $ 180.3 million.
New Plan: 42/42 Plan
The investment fits within the ambitious long -term strategy of the company. Earlier, Strategy already collected $ 21 billion via the 21/21 plan to invest in Bitcoin – an amount that has since been fully deployed.
Now the company has started the next chapter: the 42/42 plan. With this, Strategy wants to pick up $ 42 billion, divided into shares and loans, to further expand its BTC reserves.
Share increases by more than 60%
Whether this strategy will ultimately pay off remains the big question. Investors seem to be confident in any case: the share of Strategy has risen by more than 60% since the low point on 9 April and is currently at $ 386.
Source: https://newsbit.nl/strategy-blijft-bitcoin-stapelen-nieuwe-aankoop-van-180-miljoen/
