The head of Strategy Michael Saylor (Michael Saylor) reported on the social network X, that in the period from February 3 to 9, the company acquired a new batch of 7,633 bitcoins at a price of about $ 97,255. As of February 10, the Strategy balance has 478,740 BTCs acquired for about $ 31 billion at an average price of $ 65 033 for bitcoin.
In addition, in an interview with Bloomberg, Saylor said that the company is halfway to achieve the goal of attracting $ 42 billion to finance bitcoin purchases. Strategy will continue to “use a reasonable credit shoulder by placing convertible bonds and proposals of privileged shares.”
Seilor explained that hedge funds form most of demand that practice the convertible arbitration strategies. Funds buy bonds and sell shares in short ranges, relying the securities market in response to the volatility of bitcoin.
Last week, Strategy announced a clean loss of $ 670.8 million per fourth quarter, which was formed due to the depreciation of digital assets worth about $ 1 billion. It is expected that in the current quarter the company will become profitable thanks to the introduction of new accounting of digital assets for digital assets fair value.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
.jpg "Paloma Picasso, the name of the dove")
