Strategy Adds Nearly a Billion Dollars in Bitcoin for Second Straight Week

Core Insights - The company, formerly known as MicroStrategy, has resumed significant Bitcoin purchases, acquiring nearly $1 billion worth of BTC for the second consecutive week [1] - The total Bitcoin holdings now amount to 671,268 BTC, valued at approximately $60 billion based on current prices [2] - The firm has faced a decline in stock value, with a 21% drop over the past month and a 53% decrease over the last six months [3] Bitcoin Purchases - The company purchased 10,645 Bitcoin last week for $980.3 million at an average price of $92,098 per coin, following a previous purchase of 10,624 BTC for $963 million [1] - The recent purchases mark the largest weekly acquisition since late July, indicating a renewed interest in Bitcoin [3] Financial Position - The company sold $989 million worth of stock last week to finance its Bitcoin purchases, including $882 million in Class A common stock and $82 million in Series A Perpetual Stride Preferred Stock [2] - A cash reserve of $1.4 billion was established to support dividends and avoid selling Bitcoin during downturns [4] Market Sentiment - Analysts have expressed concerns regarding the company's potential exclusion from MSCI indices, which could negatively impact its stock price [5] - Cantor Fitzgerald analysts have dismissed fears about the company's Bitcoin buying strategy during price dips as unfounded [4]