Corporate Bitcoin Strategy Faces Investor Scrutiny Amid Aggressive Accumulation

The business intelligence firm Strategy continues its relentless acquisition of Bitcoin, adding another 196 coins to its corporate treasury at a cost of approximately $22.1 million. This latest purchase pushed the company’s stock price upward by more than 5%, though market participants are expressing growing apprehension about potential shareholder dilution resulting from the company’s funding approach.

With this transaction, completed at an average price of $113,048 per Bitcoin, Strategy has further solidified its position as the world’s largest corporate holder of the cryptocurrency. The company’s total reserves now stand at a staggering 640,031 Bitcoin, acquired through various purchases totaling approximately $47.35 billion. The average purchase price across all acquisitions remains $73,983 per coin.

The funding mechanism for these purchases has consistently involved issuing new... Read more...