Summary
- Strategy signaled the possibility of additional Bitcoin purchases, reporting that it posted a Bitcoin accumulation chart.
- Strategy said it bought an additional 3,015 BTC for about $204 million, bringing total holdings to 720,737 BTC (about $48.1 billion).
- The current Bitcoin price is around $66,000, below Strategy’s average purchase price of about $75,985, and its core NAV has fallen below 1, indicating it is trading at a discount.
Forecast Trend Report by Period
Strategy, a Bitcoin (BTC) treasury strategy firm, has signaled the possibility of further Bitcoin purchases.
According to Cointelegraph on the 8th (local time), Michael Saylor, co-founder of Strategy, posted on X the message “The Second Century Begins” alongside the company’s Bitcoin accumulation chart. The chart is an image that Strategy has previously released ahead of Bitcoin buys, and it is being interpreted as a signal implying another purchase.
Strategy’s most recent buy took place in the last week of February. At the time, the company spent about $204 million to purchase an additional 3,015 BTC, bringing its total holdings to 720,737 BTC. That is worth about $48.1 billion as of the time of reporting.
However, Bitcoin is currently trading around $66,000, below Strategy’s average purchase price of about $75,985.
Strategy has continued buying Bitcoin through debt and equity issuance even amid heightened market volatility. More recently, as the net asset value (NAV) of Bitcoin-holding companies has broadly declined, Strategy’s core NAV also fell below 1, indicating it is trading at a discount relative to the value of its Bitcoin holdings.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
