Michael Sailor’s strategy provides the third largest bitcoin purchase ever

The strategy, previously known as Microstrate Inc. revealed. On Monday, it bought $ 2.46 billion in Bitcoin last week-the third largest purchase of the dollar since it started to accumulate the cryptocurrency five years ago.

The company acquired 21,021 symbols between July 28 and August 3, and prompted its total holdings to 628,791 Bitcoin, according to a report by the US Securities and Stock Exchange Committee. This takes the value of the company’s bitcoin to more than $ 71 billion at current prices.

It is fed by a continuous stream of stock offers and debt deals, about Sailor, its institution’s program, to the bitcoin -dominant company buyers. Its latest acquisition of an average of 117,526 dollars per code, and the second highest price strategy ever paid behind the average of $ 118,940 last month, according to the company Data.

This step emphasizes how to convert Silor into financing for public companies into a car specialized in Bitcoin collection-and how the strategy continues to purchase even as prices are hovering near standard levels. The strategy is to a large extent the largest car holder in Bitcoin, according to account By bitcointreasuries.net, it has motivated a new industry from public companies after the so -called treasury strategy for purchasing and preserving encrypted currencies.

To finance purchases, Silor used a set of shared and favorite stock sales, as well as debts. The company offers four different types of securities to investors – as it launches its latest favorite stock offers, which, in late July, is called. The strategy was informed of an unrealized profit of $ 14 billion in the second quarter, driven by the bounce in the price of bitcoin and a modern accounting change that required the company to re -evaluate its bitcoin holdings.

Silor I promised recently New joint shares will not be issued with less than 2.5 times the value of net assets, except for the use of the interest of debt or favorite profits. This comes after critics like Jim Chanus Cross Concerning fears of Bitco Bitcoin Holdings at its share price and many security offers offered by the company.

The strategy shares have increased by more than 3000 % since the purchase of their first encryption, as Bitcoin exceeded itself as well as the main stock indicators such as S&P 500 and Nasdak 100. The first and second largest purchases in November of last year were 5.4 billion dollars and $ 4.6 billion, According to the company’s data.