Here is the rewritten content in a well-organized HTML format with all tags properly closed:
Strategy Increases Bitcoin Holdings
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).
Strategy (MSTR), a company formerly known as MicroStrategy, has increased its bitcoin (BTC) holdings to 478,740 BTC after a pause last week. The company purchased $742.4 million worth of the largest cryptocurrency in the week ended February 9.
Purchase Details
The company bought 7,633 BTC at an average price of $97,255 per bitcoin, raising the overall average purchase price to $65,033.
Earnings Announcement
Strategy did not buy any bitcoin in the week ended February 2, likely due to a blackout period during its earnings week. On February 6, the company reported a fourth-quarter net loss of $3.03 per share, compared to income of $0.50 per share a year earlier.
CEO’s Comments
Executive Chairman Michael Saylor teased the purchase announcement again on Sunday, as he has for the past few months: “Death to the blue lines. Long live the green dots.”
Conclusion
In conclusion, Strategy’s latest bitcoin purchase demonstrates the company’s continued commitment to the cryptocurrency market. As an analyst who owns shares of Strategy, I believe this move is a strong sign of confidence in the company’s ability to navigate the volatile cryptocurrency market.
FAQs
Q: What was the size of Strategy’s latest bitcoin purchase?
A: The company purchased 7,633 BTC.
Q: What was the average price per bitcoin in the latest purchase?
A: The average price was $97,255 per bitcoin.
Q: What was the overall average purchase price?
A: The overall average purchase price was $65,033.
Q: Why did Strategy pause its bitcoin purchases last week?
A: The company likely paused its purchases due to a blackout period during its earnings week.
Q: What were Strategy’s earnings results?
A: The company reported a fourth-quarter net loss of $3.03 per share, compared to income of $0.50 per share a year earlier.
