Michael Saylor signals Bitcoin buy after one-week hiatus
2025-07-13 17:11:23
Main Idea
Michael Saylor's company, Strategy, resumed Bitcoin purchases after a week-long hiatus, raising $4.2 billion in capital and continuing its trend of significant BTC accumulation.
Key Points
1. Strategy skipped buying BTC last week but announced a $4.2 billion capital raise to finance more purchases.
2. The company previously accumulated Bitcoin for 12 consecutive weeks, with its most recent purchase being 4,980 BTC for $532 million on June 30.
3. Strategy holds a total of 597,325 BTC, making it the largest corporate holder of Bitcoin.
4. Institutional treasuries currently hold 3.5 million BTC, with Strategy accumulating 379,800 BTC in the past six months, outpacing miners' production.
5. Shares of Strategy are trading at about $434, up over 16% this month but still below the all-time high of $543 per share.
Description
Strategy continues to lead the pack among Bitcoin treasury companies, issuing debt and equity instruments to finance more purchases.
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