Strategy halts Bitcoin purchases, ending six consecutive weeks of accumulation, with stock prices down about 70% from their peak.
According to a report by Coindesk, Strategy seems to have not purchased Bitcoin last week, breaking its previous record of six consecutive weeks of accumulation. The company, headquartered in Tysons Corner, Virginia, is the largest publicly traded holder of Bitcoin, holding a total of 649,870 Bitcoins with an average purchase price of $74,400 per coin. The stock price of Strategy has fallen by about 70% from its peak, and is currently trading slightly above 1.2 times its Net Asset Value (NAV), the lowest level in this market cycle.
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Strategy halts Bitcoin purchases, ending six consecutive weeks of accumulation, with stock prices down about 70% from their peak.
According to a report by Coindesk, Strategy seems to have not purchased Bitcoin last week, breaking its previous record of six consecutive weeks of accumulation. The company, headquartered in Tysons Corner, Virginia, is the largest publicly traded holder of Bitcoin, holding a total of 649,870 Bitcoins with an average purchase price of $74,400 per coin.
The stock price of Strategy has fallen by about 70% from its peak, and is currently trading slightly above 1.2 times its Net Asset Value (NAV), the lowest level in this market cycle.