Strategy buys more bitcoin as tariff exemptions tech shares rise

Strategy, previously known as Micro strategyAcquired around 3,450 Bitcoin Worth $ 286 million last week, the company said in a Securities and Exchange Commission submit.

Unveiling a Bitcoin purchase for the third consecutive Monday, the company established in Tysons, Virginia now owns 531,644 Bitcoin worth $ 45.2 billion, based on the current price of the active.Strategy paid an average price of $ 82,600 per bitcoin last week, it added.

Strategy, which has shifted its focus from software development to become a Bitcoin Treasury, said that it has since sold a million normal class A shares through an AT-the-money offering program in October. According to the initiative, Strategy said that it can still spend $ 2 billion in ordinary shares, in addition to parts of preferred stock.

The shares of the strategy rose by 4% to around $ 312 on Monday, because the technically heavy Nasdaq rose 1.5%, added to last week’s recovery after the White House said that smartphones and computers would be exempt from major levies, including 125% taxes on Chinese goods, per Nasdaq.

Monday’s price promotion is a dramatic turning after investors last week, including a revelation Out of strategy that it can ultimately sell to sell Bitcoin to meet its financial obligations. In the midst of tariff-linked concerns, the shares of the strategy fell to $ 236, or about 32% under their opening on Monday.

“No rates for orange points,” said Strategy co-founder and executive chairman Michael Saylor on X, formerly Twitter, on Sunday, referring to the way Bitcoin buys Saylor Tracker.

The price of Bitcoin recently changed owner around $ 85 on Monday, which, according to Coingecko, showed an increase of approximately 8.3% of the past week. In the past month it is almost flat.

Strategy has become the world’s largest company owner of Bitcoin since it started to collect the asset in 2020. In the course of time it has embraced its role as a Bitcoin treasure company, strategy has issued billions of dollars in debts to buy more Bitcoin than usual.

The 531,600 Bitcoin tower of the Nasdaq-Genten company about the next largest company holder, Bitcoin Miner Marathon Digital, which is approximately 47,500 Bitcoin, according to Bitcoin treasures. At the moment, the stock of the strategy was good for more than 2.5% of the total range of Bitcoin.

The Investment Company Metaplanet, based in Tokyo, who started buying Bitcoin last May, said on Monday on X that it had recently bought 319 Bitcoin worth $ 27 million. The company said in an update that it now has 4,525 bitcoin worth around $ 385 million.

Among listed companies, Metaplanet is currently the 10th largest Bitcoin holder, according to Bitcoin Treasuries.

Published by James Rubin