Microstrategy did not buy bitcoins before falling crypto

From January 27 to February 2, Microstrategy has not acquired a single bitcoin, interrupting a series of 12 weeks of continuous digital gold purchases.

The company stores 471 107 BTC on balance, being the largest corporate owner of the first cryptocurrency. Since August 2020, a total of ~ $ 30.4 billion spent on the formation of Bitcoin reserves of Microstrategy. The average purchase price was $ 64,511 per coin.

Over the past week of January, the company also did not implement a single ordinary class of class, but as part of a market proposal program, Microstrategy co -founder Michael Seilor noted.

According to the “Plan 21/21” adopted in October 2024, the company intends to attract $ 42 billion in the form of joint -stock capital and debt obligations within three years. Funds are designed to finance further purchases of bitcoin.

In December, the management of Microstrategy decided to increase the volume of sold by more than $ 10 billion to be sold as part of the shares initiative. The decision must be approved by the shareholders.

In early February, the cryptocurrency market responded with correction to the plans of the US president to introduce imported duties against Mexico, Canada and the USA. On Sunday, Bitcoin failed the level of $ 100,000 after the publication of the official statement of the White House.

With the opening of trading in Asia the next day, digital gold in the moment fell to $ 91,281. Altcoins demonstrated a much deeper fall. The crypto is faced with record daily liquidations in the amount of $ 2.7 billion.

Seilor reacted to price movements in his style:

“Never sell your bitcoins.”

At the time of writing, the digital gold course recovered to marks near $ 101,000 (Coingecko). Microstrategy quotes after a sharp subsidence on the morning of February 3 also approached the previous closing price, yielding only 0.24 %.

Microstrated-inCorporated-Mstr-Stock-PRICE-News-KUTE-HISTORY-YAHOOO-FINANCE-Google-ChROME-1

During the year, the company’s papers rose by 563 %, significantly ahead of the first cryptocurrency in dynamics.

Recall that the ex-managering the Cramer & Co hedge fund and the host of the Mad Money show Jim Kramer still believes that it is better to add bitcoins to the portfolio than the Microstrategy shares.

Be in the know! Subscribe to Telegram.


Source: Cryptocurrency

You may also like