Strategy (Mstr), the world’s largest business owner of Bitcoin seemed to miss out on capitalizing on last week’s market route to buy prices.
According to Monday’s press release, the company bought 220 BTC at an average price of $ 123,561. The company used the revenue by selling its various preferred shares (strf, strk, strd) and raised $ 27.3 million.
This purchase price was well above prices, the biggest crypto changed hands in the second half of the week. Bitcoin nosedved from over $ 123,000 Thursday to as low as $ 103,000 on late Friday under one, if not the worst crypto flash accident on the record, and liquidated over $ 19 billion in geared positions.
This step took place, as Trump said to impose a 100% increase in customs duty against Chinese goods as retaliation to tighten rare land metal exports, which repeated fear of a trade war between the two world powers.
At the lowest point on Friday, BTC traded almost 16% lower than the average of the strategy’s recent purchase price. Even under Swift -Bound over the weekend, the company could have bought tokens between $ 110,000 and $ 115,000, with a discount of 7% -10% compared to what it paid for.
With the latest purchase, the company brought its total holdings to 640,250 BTC, at an average acquisition price of $ 73,000 since he started his Bitcoin Treasury plan by 2020.
Mstr, the company’s joint share, increased by 2.5% Monday.
