According to a secret message shared by co-founder Michael Saylor, the strategy may be preparing for the 101st purchase of Bitcoin.
Conclusion
- Michael Saylor points to Strategy’s 101st Bitcoin purchase.
- The company currently has 720,737 BTC worth more than $48.7 billion.
- Bitcoin was trading at around $67,500, which is below the Strategy’s average purchase price.
As is often the case with Saylor’s posts, he shared Strategy’s Bitcoin Accumulation chart, which tracks the company’s purchases since it began buying assets in August 2020.
“The second century is beginning,” he wrote in X.
The strategy currently has 720,737 Bitcoins, which is worth more than $48.7 billion. The company’s last purchase was made between February 23 and March 1, during which it acquired 3,015 BTC at an average price of $67,700 per coin. The batch also marked the company’s 100th Bitcoin purchase.
Meanwhile, the price of Bitcoin has struggled to stay above the $70,000 mark and has repeatedly lost this key area of ​​psychological support, which has now become a resistance level.
Tensions between the United States and Iran have become the latest trigger to create risk sentiment in the crypto markets.
According to Bitcoin Treasuries, until the last check, the price of Bitcoin was about $67,500, which is lower than the average purchase price of the Strategy of about $75,992.
The Strategy’s underlying NAV, which measures the value of its Bitcoin holdings relative to its market capitalization, was just under 1, which means the stock is currently trading at a discount to its original BTC holdings.
Shares of the strategy fell about 4.5% on March 6, reflecting some investors’ caution as the company continued to fund its Bitcoin accumulation strategy through debt and equity financing.
