Michael Saylor’s Strategy Reports Reduced Bitcoin Purchases Amid July Buying Slowdown
Main Idea
Michael Saylor’s Strategy paused Bitcoin purchases in July, reporting a 39% decrease in acquisitions compared to June, while maintaining steady holdings at 607,770 BTC amid market volatility.
Key Points
1. Michael Saylor’s Strategy did not acquire any Bitcoin last week, keeping total holdings at 607,770 BTC.
2. In July, the company purchased only 10,445 BTC, a 39% drop from June’s 17,075 BTC.
3. The company increased its Series A perpetual stretch preferred stock (STRC) offering from $500 million to $2.521 billion.
4. Bitcoin’s price fluctuations, including a rise from approximately $118,000 to over $119,000 last week, influenced Strategy’s buying cadence.
5. Strategy’s holdings remain unchanged at 607,770 BTC, reflecting a long-term accumulation strategy.
Description
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