According to Mars Finance, Coindesk reported that Strategy seemingly did not purchase Bitcoin last week, breaking its previous record of six consecutive weeks of accumulation. The company, headquartered in Tysons Corner, Virginia, is the largest publicly traded Bitcoin holder, holding a total of 649,870 Bitcoins, with an average purchase price of $74,400 per coin. Strategy's stock price has fallen about 70% from its peak and is currently trading slightly above 1.2 times its net asset value (NAV), marking the lowest level in this market cycle.
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Strategy suspends Bitcoin purchases, ending six consecutive weeks of accumulation, with the stock price down about 70% from its peak.
According to Mars Finance, Coindesk reported that Strategy seemingly did not purchase Bitcoin last week, breaking its previous record of six consecutive weeks of accumulation. The company, headquartered in Tysons Corner, Virginia, is the largest publicly traded Bitcoin holder, holding a total of 649,870 Bitcoins, with an average purchase price of $74,400 per coin. Strategy's stock price has fallen about 70% from its peak and is currently trading slightly above 1.2 times its net asset value (NAV), marking the lowest level in this market cycle.