MicroStrategy Signals
$BTC Buy After One-Week Hiatus
#MicroStrategy co-founder Michael Saylor indicated the company would resume
$BTC buying on Monday.
"Some weeks, you don't just HODL," Saylor wrote on Sunday after announcing a $4.2 billion capital raise.
The company skipped buying last week but had accumulated
$BTC for 12 consecutive weeks prior.
MicroStrategy's most recent purchase was 4,980
$BTC for $532 million on June 30.
The company now holds 597,325
$BTC valued at over $70.9 billion at current prices.
Shares are trading at $434, up 16% this month but below November's $543 all-time high.
$BTC treasury companies bought 159,107
$BTC in Q2, outpacing newly-mined supply.
MicroStrategy accumulates 2,087
$BTC daily, far exceeding the 450
$BTC miners produce per day.