By Marco Piccolo Key highlights: Strategy (MSTR) acquired 8,178 BTC for $835.6 million ($102,171 per coin), its largest buy since July. The purchase was financed primarily through preferred stock offerings, including a €620M ($715M) euro-denominated issuance. The firm now holds 649,870 BTC, worth approximately $61.7 billion, representing over 3% of Bitcoin’s total supply. Trade Crypto […]
Tag: MSTR
By Marco Piccolo Michael Saylor, founder and executive chairman of Strategy (MSTR), is pushing back hard against a wave of online rumors claiming the company has begun selling part of its massive Bitcoin holdings. The speculation erupted Friday morning after a series of large on-chain transactions originating from wallets associated with the company triggered panic […]
By coinspy Key Points: The mNAV metric—comparing MSTR’s market valuation to the value of its Bitcoin holdings—has collapsed from 3.4x to nearly parity, weakening the original bearish case tied to overvaluation. Other major short sellers, including Kerrisdale Capital, built similar positions against MSTR and Ethereum-focused treasury firms, arguing that ETF competition and inflated valuations justified […]