The co-founder of the Michael Saylor strategy reported an imminent Bitcoin (BTC) purchase on Sunday, while the company’s total assets succeeded in $ 71 billion.
The most recent purchase of the cash company took place on July 14, when it bought 4,225 BTC for $ 472.5 million, bringing its total assets to 601,550 BTC, valued at more than $ 71.4 billion.
The company has increased by around 66.5% on its Bitcoin investment, representing more than $ 28.5 billion in unrealized gains, according to Saylortracker.
Bitcoin cash companies, led by the strategy, continue to be one of the main engines of Bitcoin demand in the current market cycle, alongside funds negotiated on the stock market (ETF), institutional investors and centralized cryptography exchanges.
In relation: The proceedings accumulate against the strategy could take years, to go anywhere, says the lawyer
The valuation of the strategy increases the market capitalization by $ 4 billions
The company’s shares fell by around 21.52% in the last month, bringing a total assessment of the strategy to more than $ 118 billion.
The Strategy shares rally occurred in the midst of an increase in the cryptography market, the total market capitalization of cryptography crossing the $ 4,000 billion mark in July and Bitcoin reaching a new summit of all time.
In December 2024, the BTC Treasury Company entered the NASDAQ 100 stock market index as the institutional demand for the strategy increased.
Some institutional investors wish to expose Bitcoin but cannot hold bitcoin directly in their investment funds. These investors have actions of Bitcoin cash companies or buy their business debt products as an indirect indicator of BTC holding.
“There are thousands of dollars in managed capital, and some of them have strict mandates associated with it,” wrote Macroeconomics Lyn Alden.
https://www.youtube.com/watch?v=npzqd7tsqmg
“There are action funds where the portfolio manager cannot buy shares.
Vanguard, one of the largest institutional investment companies, has long opposed Bitcoin or offer Bitcoin directly to customers, but now holds 20 million strategy actions, around 8% of the company’s circulation shares.
The indirect exhibition of the Bitcoin investment company through a listed company highlights the integration of Bitcoin into traditional finances through inherited investment vehicles.
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