Saylor’s strategy resumes Bitcoin accumulation spree after last week’s sales



Analysts have made clear several times in the past week the importance of this simple sell-off. But this narrative may evaporate if the strategy continues to buy.

After hinting on Sunday that the company he co-founded and led for years had resumed Bitcoin acquisitions, Michael Saylor made it official minutes ago, noting that Strategy had purchased 1,550 Bitcoin for just over $100 million (an average price of $65,332).

Its total stash has risen to 845,256 units, and they were acquired for an average price of $75,680. Given Bitcoin’s dramatic collapse to below $64,000 now, this means the company is still in the red in its position, with a current paper loss of over $10 billion, just north of the US. Last record About 12.5 billion dollars.

The company also increased its US dollar reserves by $100 million, reaching $1 billion. I remember that strategy Get rid of them A small portion of its Bitcoin holdings last week for the first time since 2022, which has increased scrutiny and led to some market-wide FUD.

Many cryptocurrency analysts and commentators have commented on the move, with many warning that if the strategy continues to sell off, it could be detrimental to the already fragile cryptocurrency price.

However, Michael van de Poppe Reassured That if the sale is a one-time sale and the strategy resumes accretion, this FUD narrative dies.

Meanwhile, Saylor published a detailed post regarding how he sees the future of Bitcoin. he He believes The network and the digital asset will see four camps consisting of radicals, capitalists, technologists and fundamentalists, each choosing a different priority in how BTC develops.

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