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Strategy's $739.8 million USD fund added to BTC last week still came from stock sales

14 hours ago

On July 22nd, the Bitcoin giant Strategy announced today that it had once again increased its holdings by 6,220 BTC in the previous week. It spent $739.8 million in cash, with an average purchase price of $118,940. This latest acquisition has raised Strategy's total Bitcoin holdings to 607,770 BTC. The acquisition cost is approximately $43.61 billion, and the average cost per Bitcoin is $71,756. Based on the current market price, the company's Bitcoin reserves are valued at $72 billion, locking in nearly $28 billion in unrealized profits. It is worth noting that according to the documents released by Strategy, the funds for this BTC purchase mainly came from the sale of MSTR stock. The company sold 1,636,373 shares of MSTR to raise approximately $7.364 billion. The company also disclosed that the remaining funds were obtained through minor sales of shares of STRK, STRF, and STRD, raising a total of $3.9 million. At the time of this writing, MSTR's stock price is currently at $430.23, with a 1.66% increase during the trading day.
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Gate will list ZKWASM Perpetual Contract Trading

July 22nd. According to the official announcement, Gate is set to launch ZKWASM perpetual contract trading (settled in USDT) at 20:10 on July 22nd (UTC+8), with support for 1-20x leverage.

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Shitcoin Season Index Drops to 47

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Institution: U.S. CPI Data Short-Term Risk Still Skewed to the Upside

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Yesterday the US Bitcoin Spot ETF saw a net outflow of $131.4 million

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LD Capital Founder Jack Yi: ETH's next key resistance is at $4000, facing significant sell pressure

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