The approach gets another 1,955 BTC for $ 217m after losing to S&P 500 integration
Strategy (Mstr) Another 1,955 BTC purchase was announced for $ 217 million on Monday, carrying a total technology company handling up to 638,460 BTC, according to Filing the SEC.
The recent purchase was made at $ 111,196, which raised the average purchase price up to $ 73,880 bet bitcoin.
The announcement arrived as the BTC rose from $ 110,500 to $ 112,200 on Monday morning, with prices slipping down to $ 111,800 after the news broke.
Moving has arrived like MSTR recently faced with some criticism From its shareholders, especially because of its MNAV’s promise. The firm said in July that it would not issue any shares if its MNAV went below 2.5x, only to scrap the promise a month later, saying this Guide is changedallowing potential dilution to its holders.
The scale, which is a ratio that shows stock appreciation compared to the value of Bitcoin handling, is lowered to about 1.5x late next to a stab at MSTR sharing prices. The stock is currently trading at $ 335, which has lost 26% of its value since July.
New purchases will also come as an approach missed last week with the potential to be added to the S&P 500 index, beaten by Robinhood (Hood)Despite the hope of joining after MSTR posted one of the strongest habitat in its history and recognized all the criteria for joining the index.
Read more: Michael Saylor’s approach that S&P 500 is in the middle of Robinhood’s integration
