Strategy just added another 13,927 bitcoin for roughly $1 billion at an average price of $71,902.
The company now holds 780,897 bitcoin acquired at a total cost basis of $59 billion, averaging $75,577 per coin.
BTC yield sits at 5.6% year to date.
suppose they have 59 billion in AUM but if they were to sell even 10% of that the price would crash more than 90%
so they have spent 59 billion but they hold less than 6 billion worth of bitcoin
let that sink in
"Me alegra ver a alguien con confianza en la verdadera moneda digital, Bitcoin es el camino, no necesitamos esas estafas de shitcoins que solo sirven para enriquecer a los embaucadores".
Bitcoin is extremely liquid, sure they’d slip if they dumped all at once. But this take is extremely dumb.
Using this logic, investment gdp is also 10% of its notional value.
What asset would be better to hold $60B of? Land? Stocks? Gold?
Nah bro.