Michael Saylor’s strategy buys another $ 271.4 million bitcoin

Michael Saylor’s strategy buys another $ 271.4 million bitcoin

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Strategy, the Bitcoin Treasury company led by Michael Saylor, has bought an extra $ 217.4 million from BTC.

According to a September 8 8-K Archiving With the US Securities and Exchange Commission (SEC), the company bought 638,460 BTC between 2 September and 7 September at an average purchase price of $ 111.196.

The latest Bitcoin purchase from Strategy was funded by the proceeds from the market sales of its class A Common Stock, MSTR, Perpetual Strike Preferred Stock, Strk and Perpetual Strife Preferred Stock, STRF.

Reflaying dilution, underperformance

Saylor said on X that the participations of the strategy are now 638,460 BTC, or 3% of the supply of 21 million Bitcoin, acquired for $ 47.17 billion. The average acquisition price for these coins is around $ 73,880, he added.

Strategy is on one not -realized profit from $ 25.76 billion.

Although the recent purchase and enormous paper profits of the strategy can be seen as positives for the crypto industry, various strategy investors have shared their frustration about the continuous BTC accumulation of the company.

One X user undercommon The purchase activity of the company and asks why their MSTR shares are being diluted “to the business bags of the strategy.” Other users responded to the comment and told the dissatisfied investor to concentrate on the amount of BTC per share they have instead of the dollar value of the shares.

In the meantime, another X user who claims to be a shareholder said to be in Strategy, investors said that Saylor’s thoughts want to hear why MSR under performs against BTC, adding that “the dilution is ruthless.”

MSTREN has registered a profit of just under 16% in the past year, according to Google Financewhile Bitcoin has Increased More than 105% in the same period.

MSTR YTD Performance (Source: Google Finance)

BTC slid around 4% compared to a slide of 15% for MSTR.

Saylor said the strategy has achieved a year-to-date (YTD) profit of 25.8% on his Bitcoin Holdings, but user Boris Sixson on X said That he remains disappointed.

‘Yes, you have made a profit … We, as investors $ mstrer Stock, loss, “he said” what a beautiful world. You get richer. You go up in the ranking of the rich … Let’s look at the increasing losses, including today. “

Adding to the misery of MSTRL -investors is the recent snub of strategy of the S&P 500 index. Although the strategy met all the requirements for admission to the index, it missed companies that were included Robinhood (hood).

MSTR is still mentioned on the Nasdaq, but Bloomberg estimated that admission to the S&P 500 may have led to inflow for MSTR of $ 16 billion as funds that it would follow that it would be forced to buy strategy shares.

Metaplanet and El Salvador buy BTC as sentiment improves

Strategy is not the only company that Bitcoin has bought today. The Metaplanet established in Japan announced earlier today that it bought 136 BTC, which pushed the total interest at 20,136 BTC with a value of more than $ 2.2 billion.

And El Salvador has also added to his BTC treasure. President Nayib Bukele announced yesterday on X that El Salvador bought 21 bitcoins to celebrate the fourth anniversary of his Bitcoin law.

The country now owns 6,313.18 BTC with a value of approximately $ 701 million, according to the Blockchain of the Government facts.

Buying the Bitcoin of strategy, metaplanet and El Salvador comes in the middle of improving the investor sentiment on the market.

In the last 24 hours, the Crypto -fear and greed indexA popular tool to gauge the sentiment of investors has risen from a “fear” lecture from 44 to a “neutral” score of 51. That is still less than a “greed” reading of 67 a month ago.

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