Michael Saylor’s Strategy Makes Smallest Bitcoin Buy in 10 Weeks

Strategy, earlier Microstrategy, said on Monday that she recently purchased Bitcoin worth $ 75 million, according to the Securities Commission and Exchange submission.

A company based in Virginia, said it now owns about 581,000 bitcoins worth $ 60.4 billion based on liquid prices. In the meantime, the strategy said it had sold the preferred shares worth $ 74 million through the money offer program.

The announcement of the strategy follows the High Week in which the co -founder and executive chairman of Michael Saylor evangelized Bitcoin in front of thousands of people who attended the annual Btc Inc. In Las Vegas, Nevada. This included a conference the penultimate speechin which he set up his “21 way to wealth.”

The latest acquisition of the strategy represents its minimum purchase since mid -March, when the company bought Bitcoin worth $ 10 million, states Saylor Tracker. The latest shopping is funded by the sale of two types of preferred shares: a strategic eternal strike with a preferred stock, Strk or strateging constant quarrels preferred shares or strates.

The price of the strategy’s stock fell when the markets opened in the United States Monday, decreasing by 0.34% to around $ 367.75, according to Yahoo finance. Although the company’s shares are still on an increase in 26%, surpassing Bitcoin’s rise, the strategy shares have slipped 7%in the last month.

Bitcoin has recently changed around $ 104,000, which is a reduction of 0.2% in the past 24 hours, said the data provider Co ringecko. Last month, the property climbed to the highest maximum of $ 111,000 before giving up on those gains.

At the Bitcoin Conference last week, companies like a strategy that buy more bitcoin than they might otherwise use corporate debt appeared in Vogue. The Japanese investment company Metaplanet and Struga Asset Management, a company that is the co -founder of former Republican candidate Vivek Ramaswamy, were among several companies with representatives who visited the floor.

During his last speech in Las Vegas, who attracted thousands of spectators, Saylor said that Bitcoin was far from corporations and that anyone could use it to preserve their wealth.

“That’s for everyone,” Saylor said thunderous applause. “Take your Fiat Currency, Bitcoin Store. Take your long -term capital, Bitcoin store. Sell your bonds, shop [them] For Bitcoin. Selling your inferior capital, sell your inferior real estate property, buy bitcoin. “

Edited by James Rubin