Strategy’s Bitcoin treasury is worth about $48 billion, but the company’s mNAV has fallen below 1, meaning its shares trade at a discount to its BTC holdings.
Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, indicated on Sunday that the company may be preparing to buy more BTC as the price hovers near the $66,000 level.
“The Second Century Begins,” Saylor said on X, as he shared the Strategy BTC accumulation chart that has become synonymous with impending BTC purchases.
Strategy’s most recent BTC purchase occurred during the last week of February, when the company bought 3,015 BTC for more than $204 million, bringing its total holdings to 720,737 BTC, valued at about $48.1 billion using market prices at the time of publication.
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