Strategy’s Bitcoin Holdings Remain Unchanged
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR)
Strategy, led by Michael Saylor, has been making significant bitcoin purchases nearly every week for the past few months. However, in a surprising turn of events, the company did not acquire any additional bitcoin in the week ending Sunday, keeping its total holdings at 499,096 BTC.
Recent Developments
Strategy’s current stack was acquired for approximately $33.1 billion, with an average price of $66,357 per token. After the recent rally in bitcoin to the $93,000 level over the weekend, Strategy has an unrealized profit exceeding $13 billion.
Company Announces Initial Quarterly Cash Dividend
In addition to the news regarding its bitcoin holdings, Strategy announced the initial quarterly cash dividend for its 8.00% Series A Perpetual Preferred Stock (STRK). The dividend, prorated from February 5, 2025, will be $1.24 per share, payable on March 31 to stockholders of record as of March 15.
Market Reaction
Strategy shares are currently higher by 13% in premarket action to $289, but remain lower by nearly 50% from a record high touched in November.
Conclusion
In conclusion, Strategy’s decision not to purchase additional bitcoin in the week ending Sunday has sparked significant interest in the market. The company’s current holdings, acquired for approximately $33.1 billion, have an unrealized profit of over $13 billion. As the market continues to fluctuate, investors will be closely watching Strategy’s next moves.
FAQs
Q: Why did Strategy not purchase additional bitcoin in the week ending Sunday?
A: The company did not raise any additional capital to purchase more bitcoin.
Q: How much is Strategy’s current stack of bitcoin worth?
A: Strategy’s current stack of 499,096 BTC is worth approximately $33.1 billion.
Q: What is the current price of Strategy’s shares?
A: Strategy shares are currently trading at $289, up 13% in premarket action.
Q: What is the company’s initial quarterly cash dividend for its 8.00% Series A Perpetual Preferred Stock (STRK)?
A: The dividend will be $1.24 per share, payable on March 31 to stockholders of record as of March 15.
