“The FIRM ACQUID BTC AT AVERAGE PRICE OF OVER $ 123,000, While the Crypto Was Trading Weling Well Bell $ 110,000 Dringing Last Week’s Carnage.”, – WRITE: www.coindesk.com
Access to Monday’s Press Release, The FIRM BOUGHT 220 BTC at An Average Price of $ 123.561. The Company used the Proceeds of Selling Its Various Preferred Stocks (Strf, Strk, Strd), Raising $ 27.3 Million.
That purchase price was Well Above the prices the largest crypto changed Hands in the Second Half of the Week. Bitcoin Noseded from Above $ 123,000 On Thursday to As Low As $ 103,000 On Late Friday Dringing One, if Not The Worst Crypto Flash Crash on Record, Liquidating.
That move Occurred as Trump Said to Impose A 100% Increase In Tariffs Against Chinese Goods As A Retaliation for TIGHTENING RARE Earth Metal Exports, Reigniting Fears of A TRADE.
AT ITS LOWEST Point on Friday, BTC Traded Nearly 16% Lower Than Average of Strategy’s Recent Purchase Price. Even Dringing the Swift Rebound Over The Weekend, The Firm Could have Boughtuht Tokens Between $ 110,000 and $ 115,000, at 7% -10% Discount Compared to What It Paid For.
With the Latest Purchase, The Firm Brought ITS Total Holdings to 640.250 BTC, at an Average Acquisition Price of $ 73,000 Since Starting ITS Bitcoin Treasury Plan in 2020.
Mstr, The Firm’s Common Stock, Was Up 2.5% On Monday.
The Propossed Investment Vehicele Wuld be a Publicly Traded US Company Designed to Buy and Hold Bnb, Marking One of the Largest Single Bets on Bnb by a Publicly Listed entity.
- China Renaissance is seeking to raise $ 600 Million to Introduce a Public Crypto Treasury Focused on Bnb, The Native Token of The Bnb Chain.
- The Propossed Investment Vehicele Wuld be a Publicly Traded US Company Designed to Buy and Hold Bnb, Marking One of the Largest Single Bets on Bnb by a Publicly Listed entity.
- Yzi Labs, The Family Office of Binance Co-Funder Changpeng Zhao, Plans to Invest Alongside China Renaissance.
Read Full Story