PiCK
"Strategy posts record buying spree even in a bear market"…accumulates 89,618 in Q1 alone
Summary
- Strategy said it bought 89,618 bitcoins in Q1 this year, increasing its total holdings to 761,068.
- CoinDesk noted that Strategy’s buying this quarter is expected to be the second-largest acquisition volume on a quarterly basis, following Q4 last year.
- Strategy is raising funds by issuing the perpetual preferred stock product Stretch (STRC) to expand the scale of its accumulation, but said Stretch trading below its $100 par value is a burdening factor.
Forecast Trend Report by Period
As Bitcoin (BTC) trended lower during the first quarter of this year, Strategy was seen executing aggressive purchases.
According to CoinDesk on the 21st (Korea time), Strategy bought a total of 89,618 bitcoins in the first quarter of this year. This brings Strategy’s total bitcoin holdings to 761,068. With March not yet over, additional accumulation in the first quarter is also being raised as a possibility.
CoinDesk said, "Strategy’s purchases this quarter are expected to be the second-largest quarterly acquisition on record, following the fourth quarter of last year."
Strategy has recently been raising funds through the issuance of a perpetual preferred stock product, 'Stretch (STRC)', and expanding the scale of its accumulation. However, there is also an assessment that Stretch trading below its $100 par value could act as a burden.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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