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Michael Saylor Hints at Buying Bitcoin for 11th Consecutive Week, Strategy's Bitcoin Holdings Show Unrealized Gains Exceeding $21.8 Billion
Summary: Strategy co-founder Michael Saylor once again hinted at continuing to buy Bitcoin on social platform X, marking the 11th consecutive week since April 14 with similar signals. The company recently purchased 245 BTC for $26 million on June 23, bringing their total holdings to 592,345 BTC, with a current total value exceeding $63.6 billion and ...
Strategy co-founder Michael Saylor once again hinted at continuing to buy Bitcoin on social platform X, marking the 11th consecutive week since April 14 with similar signals. The company recently purchased 245 BTC for $26 million on June 23, bringing their total holdings to 592,345 BTC, with a current total value exceeding $63.6 billion and unrealized gains of over 52%, totaling $21.8 billion. Strategy has become the largest corporate Bitcoin holder globally, surpassing the combined holdings of the top 20 listed companies. While analysts are divided on whether their continued buying will trigger a Bitcoin supply shock, there are concerns that new companies emulating their strategy may face debt and funding pressures in future bear markets. Venture capital firm Breed's report suggests that Strategy, due to its scale, holdings, and countercyclical ability, may become a long-term survivor in the crypto financial model, with a 91% probability of being included in the S&P 500 index by the second quarter of 2025.
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Link: Michael Saylor Hints at Buying Bitcoin for 11th Consecutive Week, Strategy's Bitcoin Holdings Show Unrealized Gains Exceeding $21.8 Billion [Copy]
