Michael Saylor's Strategy Buys Another 1,955 BTC for $217M

Strategy (MSTR) announced another 1,955 BTC purchase for $217 million on Monday bringing the technology company's total holdings up to 638,460 BTC according to an SEC ￰0￱ recent buys were made at $111,196 lifting the average purchase price up to $73,880 bet ￰1￱ announcement comes as BTC rose from $110,500 to $112,200 on Monday morning

with prices sliding slightly to $111,800 after the news ￰2￱ move comes as MSTR has recently faced some criticism from its shareholders notably because of its mNAV ￰3￱ firm said in July that it won't issue any shares if its mNAV went below 2.5X only to scrap the promise a month later saying that it has modified the guidance

allowing potential dilution to its ￰4￱ metric which is a ratio that shows the stock valuation compared to the value of bitcoin holdings has been brought down to about 1.5x of late alongside a plunge in MSTR share ￰5￱ stock currently trades at $335 having lost 26% of its value since ￰6￱ new purchases also come as Strategy missed out last week on the potential to be added to the S&P 500 index

beaten by Robinhood (HOOD) despite hopes of inclusion after MSTR posted one of the strongest quarters in its history and met all criteria for joining the ￰7￱ more: Michael Saylor’s Strategy Snubbed by S&P 500 Amid Robinhood's Surprise Inclusion