Michael Saylor signals another bitcoin buy as BTC price slumps to $78,000

Group 1 - The Executive Chairman of Strategy (MSTR), Michael Saylor, announced that the company, the largest publicly traded holder of bitcoin, has increased its bitcoin holdings over the past week [1] - Strategy has acquired approximately 40,000 BTC since the beginning of the year, raising its total bitcoin holdings to around 712,647 BTC [3] - Bitcoin is currently trading at approximately $78,000 [3] Group 2 - The common stock of Strategy fell by 6% over the week, closing below $150 per share, which likely constrained the company's ability to raise capital through at-the-market (ATM) sales [2] - Strategy's perpetual preferred stock, Stretch (STRC), traded below its $100 par value throughout the week, preventing the company from issuing stock through the ATM program associated with that instrument [2] - To help lift the price of its preferred stock, the company recently increased the dividend rate on those shares [2]