Strategy Buys $43M Bitcoin, Holdings Now $61.9B

Strategy recently resumed Bitcoin purchases, adding 535 coins at an average of $80,340 each, increasing their holdings to 818,869 bitcoins worth approximately $61.9 billion. Chairman Michael Saylor clarified their stance on Bitcoin, emphasizing they aim to never be a net seller. This decision comes after pausing buys during an earnings call to explore options for covering dividends on their popular STRC preferred stock, which generated $3.2 billion in sales in April. Saylor believes their current accumulation rate of 15-20% yearly outweighs their break-even point of 2.3%. The move sparked mixed reactions, with gold advocate Peter Schiff criticizing it as a Ponzi scheme, but Saylor dismissed his views. CEO Phong Le highlighted the mathematical approach behind their strategy. Experts downplayed the impact of small sales on market stability, emphasizing the role of big-picture factors like ETF flows and risk sentiment. Bitcoins price remains around $81,200, with prediction markets favoring an 88% chance of reaching $84,000 next, indicating a bullish outlook. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ab50c48dff08959d