Under the leadership of Michael Saylor, the founder and executive chairman, the US crypto asset company Strategy has once again made a major increase in Bitcoin, and has so far held more than 3% of the total amount of Bitcoin circulating worldwide....
Under the leadership of Michael Saylor, the founder and executive chairman, the US crypto asset company Strategy has once again made a major increase in Bitcoin, and has so far held more than 3% of the total amount of Bitcoin circulating worldwide.
Strategy announced on Monday (21st) that it plans to issue its fourth batch of preferred shares, namely 5 million Series A perpetual preferred shares with variable interest rates, to continue to raise funds to increase the purchase of Bitcoin. Under Sailer, Strategy's stock price has soared more than 3,500% since buying Bitcoin, with Bitcoin itself rising by about 1,100%, while the S&P 500 index rose by about 120% during the same period.
According to the company's filings filed with the Securities and Exchange Commission (SEC) on Tuesday (July 22), Strategy increased its holdings of 6,220 bitcoins in the seven days ended last Sunday (20th), with a total value of approximately US$739.8 million (about S$948 million), increasing its total holdings to 600,770, accounting for 3.05% of the current 19.9 million issued bitcoins, with a total market value of up to US$72 billion.
In contrast, the iShares Bitcoin Trust, the world's largest asset manager, currently has an asset size of US$86 billion, slightly higher than the Bitcoin market value held by Strategy.
