“IT’s Another Relativly Modest Weekly Acquisition for the Leading Bitcoin Treasury Company.”, – WRITE: www.coindesk.com
Led by Executive Chairman Michael Saylor, The Company Made These Latest Purchases at An Average Price of $ 119.666 Each for A Total of $ 51.4 Million
Strategy Now Holds 629,376 Bitcoin Purchased at An AVERAGE PICE OF $ 73,320 EACH. Bitcoin’s Large Overnight Decline Has Brought the Price Down to $ 115,000, Making Mstr’s Stack WORTH ABOUT $ 72 Billion.
Saylor Also AnnounCed that Strategy Is Revising It-The-Market (ATM) Equity Issuance Guidance. Previously, The Company Had Stated that It Wuld Not Issue Common Stock WHEN The Shares Were Trading Below 2.5x MNAV-A MOVE INTEned to Ease Equity-Holder Concerns About Dilution.
The Updated Guidance Now Provides Flexability to Issue Equity Below This Threshold WHEN DEEMED Advantageous to the Company.
Mstr Shares Are Lower by 2.2% Premarket and Down by More than 10% over the past week. Shares Remain Higher by About 20% Year-To-Date.
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A Symmetrical Triangle Points to $ 3.90 Upside Target if $ 3.26 Breaks, However.
- XRP Experienced A Sharp Decline, Falling 5.4% to $ 2.97 As Retail Selling Surged.
- WHALE INVERORS ABORBED THE DIP, PURCHASING 440 MILLION XRP DESPITE The Retail Selloff.
- A Potential Breakout Could Occur if XRP Surpasses the $ 3.08– $ 3.14 Resistance Zone.
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