Strategy, Trump Media, Sequans, Blockchain Group, and Profusa scoop $2.9B BTC off the market
The post Strategy, Trump Media, Sequans, Blockchain Group, and Profusa scoop $2.9B BTC off the market appeared on BitcoinEthereumNews.com. Michael Saylor-led business intelligence firm Strategy, the world’s largest publicly traded Bitcoin holder, has added another 6,220 Bitcoins to its reserves. According to a US Securities and Exchange Commission filing on Monday, the latest purchase was completed during the week ending July 20, at an average price of $118,940 per coin. The acquisition cost a total of approximately $739.8 million and was made in the week when Bitcoin’s price briefly touched $122,800 before retreating to an intraweek low near $116,000, eventually stabilizing around $118,000, according to CoinGecko data. US firms, Strategy and Trump Media, stack up more BTC Strategy now holds 607,770 Bitcoins after its latest purchase, valued at approximately $72 billion based on current prices. The company’s total acquisition cost is $43.6 billion, with an average purchase price of $71,756 per coin. It also reported that its year-to-date (YTD) Bitcoin yield rose from 20.2% to 20.8%, much closer to its internal target of 25%. Another US firm Trump Media and Technology Group Corp. (TMTG), the company behind Truth Social, streaming service Truth+, and financial technology platform Truth.Fi, announced today that it had accumulated roughly $2 billion in Bitcoin and related securities. The investments account for about two-thirds of its $3 billion in liquid assets. The firm also revealed that an additional $300 million has been committed to an options acquisition strategy for Bitcoin-related securities. In its press statement, Trump Media mentioned that it may convert these options into spot Bitcoin holdings, pending the state of the market and the asset’s price. “We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan,” CEO Devin Nunes stated. “These assets help ensure our company’s financial freedom and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere.” French companies add more coins to…
The post Strategy, Trump Media, Sequans, Blockchain Group, and Profusa scoop $2.9B BTC off the market appeared on BitcoinEthereumNews.com.
Michael Saylor-led business intelligence firm Strategy, the world’s largest publicly traded Bitcoin holder, has added another 6,220 Bitcoins to its reserves. According to a US Securities and Exchange Commission filing on Monday, the latest purchase was completed during the week ending July 20, at an average price of $118,940 per coin. The acquisition cost a total of approximately $739.8 million and was made in the week when Bitcoin’s price briefly touched $122,800 before retreating to an intraweek low near $116,000, eventually stabilizing around $118,000, according to CoinGecko data. US firms, Strategy and Trump Media, stack up more BTC Strategy now holds 607,770 Bitcoins after its latest purchase, valued at approximately $72 billion based on current prices. The company’s total acquisition cost is $43.6 billion, with an average purchase price of $71,756 per coin. It also reported that its year-to-date (YTD) Bitcoin yield rose from 20.2% to 20.8%, much closer to its internal target of 25%. Another US firm Trump Media and Technology Group Corp. (TMTG), the company behind Truth Social, streaming service Truth+, and financial technology platform Truth.Fi, announced today that it had accumulated roughly $2 billion in Bitcoin and related securities. The investments account for about two-thirds of its $3 billion in liquid assets. The firm also revealed that an additional $300 million has been committed to an options acquisition strategy for Bitcoin-related securities. In its press statement, Trump Media mentioned that it may convert these options into spot Bitcoin holdings, pending the state of the market and the asset’s price. “We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan,” CEO Devin Nunes stated. “These assets help ensure our company’s financial freedom and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere.” French companies add more coins to…
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