Michael Saylor (co-founder at Strategy) has signalled that Strategy is resuming Bitcoin.BTC() bought on Monday, after the company had taken a seven-day break from collecting the digital asset.
“Some weeks, you don’t just HODL,” The executive wrote The company skipped buying BTC last week but bought it on Sunday. Last week, the company did not buy BTC. announced a $4.2 billion capital raise. Strategy amassed 12 consecutive BTC weeks before the break.
Strategy’s most recent BTC buy On June 30, the company purchased 4,980 BTC at a cost of $532,000,000, increasing its holdings total to over 70.9 billion BTC.
The company’s shares are currently trading at $434, up 16% in the last month but still a long way from the record high $543 set by the company back in November 2024.
Bitcoin treasury companies Major players are taking over the Bitcoin market and grabbing BTC faster than they can be mined. This could be a demand that is increasing. cause a supply shock Analysts warn, however, that prices will continue to rise. debt-fueled institutional BTC buying is unsustainable It could also trigger a downturn in the market system.
Related: Strategy set to post $13B Bitcoin gains, but revenue stalls
Bitcoin Treasury Companies outstripping new-mined Bitcoin supply
Treasury Bitcoin companies bought 159,107 BTC in Q2. According to, Strategy is the largest corporate owner of BTC. BitcoinTreasuries.
There are currently about 3.5 millions BTC in the institutional treasuries of public and private companies, as well as crypto firms, governments, pension funds, asset managers, and government agencies. data From the website shows.
Adam Livingston is the author of “The Great Harvest: AI, Labor, and the Bitcoin Lifeline,” Say that Strategy is “synthetically halving” Bitcoin Rapid accumulation of digital currency.
Livingston says that miners are producing 450 BTC each day collectively, which is about 13,500 BTC every month. Strategy has accumulated around 379 800 BTC over the past six months.
“Strategy has accumulated 379,800 in the past 182 days. That’s 2,087 BTC per day — far outpacing the miners,” Livingston wroteWhile expecting the Bitcoin Treasury Company to become the “financial superpower” Future.
Magazine: Pakistan will deploy Bitcoin reserve in DeFi for yield, says Bilal Bin Saqib
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Source: cointelegraph.com
