Bitcoin Magazine
π° #BTC #MSTR Strategy acquired 1,287 BTC last week.
π± #BTC #MSTR CryptoQuant CEO Ki Young Ju stated that Bitcoin is experiencing a decline due to persistent selling pressure and a lack of fresh capital inflows. He noted that unless there is significant selling from MicroStrategy's Michael Saylor, a severe 70% crash similar to previous cycles is unlikely. However, he cautioned that the market has not yet established a clear bottom and could enter a prolonged period of sideways consolidation. link
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πΊπΈπ§ #MSTR According to Epstein-related documents released by the U.S. Department of Justice on January 31, an email from Peggy Siegal on May 8, 2010, revealed that Michael Saylor, founder of MicroStrategy, donated $25,000 to a charitable event. In return, he gained the opportunity to meet members of a high-end social circle. The email described him as having no personality, being difficult to engage with socially, and lacking an understanding of social norms. link
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π°π€ #MSTR Strategy plans to raise up to $42 billion to purchase more $BTC.
π΅οΈ #MSTR Cathie Wood's Ark Invest bought $16M in Circle shares as the stock tumbled 20% due to news impacting its stablecoin business. #stablecoin
π΅οΈ #BTC #MSTR to The Wall Street Journal, Strategy recorded an unrealized loss of approximately $14.5 billion in the first quarter, primarily due to a sharp decline in the value of its Bitcoin holdings.
Bitcoin fell 23% in Q1, marking its worst start to a year since 2018. The company also recorded a deferred tax benefit of about $2.4 billion during the same period.
Bitcoin fell 23% in Q1, marking its worst start to a year since 2018. The company also recorded a deferred tax benefit of about $2.4 billion during the same period.
π° #BTC #MSTR Strategy proposed to change STRC dividend payments from monthly to semi-monthly to reduce reinvestment lag and improve liquidity. A preliminary proxy was filed on April 17, with a definitive filing expected on April 28 to open voting, which will conclude on June 8. If approved, the new schedule would take effect on June 30, with the first payment on July 15.
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π¦ #MSTR #BTC Strategy Shares Fall Below $100 for First Time Since March 2024
According to market data, Strategy (MSTR) fell below $100, trading at $99.50, down 4.18% intraday. This marks its first drop below $100 since March 2024. Strategy is currently the largest Bitcoin treasury company, holding 847,363 BTC, or about 4% of total supply, at an average cost of $75,651.
According to market data, Strategy (MSTR) fell below $100, trading at $99.50, down 4.18% intraday. This marks its first drop below $100 since March 2024. Strategy is currently the largest Bitcoin treasury company, holding 847,363 BTC, or about 4% of total supply, at an average cost of $75,651.
π± #MSTR First eventful order flow in weeks included aggressive shorting into the 58k lows, occurring twice. Unfortunately for bears, the retest coincided with spot sell pressure easing. All of this short open interest has since been flushed. Notably, #BTC remained strong today despite negative news of MSTR selling.
β οΈ #MSTR #BTC Strategy changed course just six days after our warning.
The company has now:
β’ Paused Bitcoin purchases
β’ Rebuilt its USD reserve from $1.44B to $3.0B
β’ Doubled dividend coverage from 14 to ~29 months
β’ Raised STRCβs dividend to 12%
β’ Sold $466.7M of MSTR and ~3,588 BTC
STRC has rebounded from ~$75 to ~$88, but two questions remain:
How will Strategy time future Bitcoin purchases, and when will it sell into the next bull market?
Our latest report.
The company has now:
β’ Paused Bitcoin purchases
β’ Rebuilt its USD reserve from $1.44B to $3.0B
β’ Doubled dividend coverage from 14 to ~29 months
β’ Raised STRCβs dividend to 12%
β’ Sold $466.7M of MSTR and ~3,588 BTC
STRC has rebounded from ~$75 to ~$88, but two questions remain:
How will Strategy time future Bitcoin purchases, and when will it sell into the next bull market?
Our latest report.
π¦π #MSTR #BTC Strategy sold 5.43 million MSTR shares for $544.5 million in net proceeds between July 20 and July 26. The company repurchased 288,930 STRC preferred shares for $25 million and made no bitcoin purchases during the week, continuing to hold 843,775 BTC, acquired for $63.69 billion at an average price of $75,476. Its U.S. dollar reserve increased to $3.75 billion.