Strategy executive hints at additional bitcoin purchases during market decline
Image: Bitcoin.com NewsStrategy executive chairman Michael Saylor posted a hint about another bitcoin purchase as the cryptocurrency price dropped. Strategy holds thousands of BTC with holdings currently below acquisition cost. Strive CEO Matt Cole also hinted at a recent bitcoin purchase by his firm.
Key points
- Michael Saylor hinted at another Strategy bitcoin purchase on social media during a sharp market decline.
- Strategy holds thousands of bitcoin with its total reserve currently below its disclosed acquisition cost.
- Strive CEO Matt Cole also posted a hint that his bitcoin treasury company made a purchase last week.
- Strategy is facing exclusion from MSCI global indexes by the end of this month.
Why it matters
Large treasury company purchases during market declines highlight corporate accumulation strategies despite falling asset prices and index exclusions.
What's unclear
The exact unrealized loss amount differs across reported portfolio tracking data sources.
Price context · BTC
At publication
$64,648.00
Now
$64,647.00
Change since
−0.00%
7 days · dashed line = publication
Sources · 2 publishers
CoinGape
Tier 2
Michael Saylor Hints at Another Strategy Buy Amid Bitcoin Crash
Coverage timeline
- First reported by Bitcoin.com News
- Also reported by CoinGape
- CryptoVideos brief published
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XEC
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