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Michael Saylor Signals 'A Good Time To Add More Dots' After Bitcoin's Bear-Market Losses Near $174 Billion

From finance.yahoo.com

Strategy (MSTR) Executive Chairman Michael Saylor signaled a potential new Bitcoin (BTC) purchase on Sunday, posting "a good time to add more dots" alongside a chart tracking the company's Bitcoin accumulation strategy. The chart shared by Saylor showed the company holding 843,706 Bitcoin worth over $52 billion. The chart showed that the Bitcoin holdings were acquired at an average cost of $75,701 per coin, implying an unrealized loss of over $11 billion, or about 18%, based on the figures displayed. {tweet} Saylor has frequently posted similar charts ahead of Strategy's Bitcoin purchase announcements. This came after ... (full story)

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  • Category: Fundamental Analysis