Morning Minute: Saylor’s Strategy Back in Green As BTC Soars to $78k

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Strategy (formerly MicroStrategy) is back in profit on its Bitcoin exposure for the first time since July, holding 840,447 BTC bought at an average price of $75,385. At $78,400, this position is worth approximately $65.89 billion against a cost of $63.36 billion, representing $2.53 billion in unrealized gains after a brutal $13 billion drawdown in July. The company has raised $6.7 billion in cash via MSTR share sales and STRC preferred stock sales, while selling 6,948 BTC since May for approximately $432.5 million. Bitcoin posted its strongest weekly candle ever, gaining over 23% to reach $78,900, driving Bitcoin ETFs to $1.92 billion in net inflows for the week.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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