[Block Rhythm] Last week, Strategy made a move again, this time directly acquiring 130 Bitcoins.
How much did it cost? 11.7 million dollars, which calculates to about 89,960 dollars per coin. The action was quick.
How much do they hold now? As of the end of November, the data shows a total of 650,000 Bitcoins, with a market value approaching $48.4 billion. What is the average cost price? $74,436.
By this calculation, there should still be a considerable unrealized profit on the books. After all, the initial cost of building the position is still there. Although the market has fluctuated, the overall position is still profitable.
That said, continuous buying of this magnitude is either a strong bullish outlook for the future or part of a strategic layout. In any case, retail investors cannot afford to play this game.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
7
Repost
Share
Comment
0/400
MetaDreamer
· 8h ago
650,000 pieces? How the hell am I going to save up for that long to catch up with this guy?
View OriginalReply0
WenMoon42
· 12-01 13:46
650,000 BTC, this guy is basically a real-life version of Long Aotian, while we retail investors can't even get a sip of soup.
View OriginalReply0
ConsensusBot
· 12-01 13:42
650,000 coins? This guy really can't afford to play, a retail investor holding 100 BTC is already considered a Large Investor.
View OriginalReply0
CryptoTarotReader
· 12-01 13:41
650,000 Bitcoins, this guy is really amazing, we retail investors don't even have a chance to follow him.
View OriginalReply0
UncleLiquidation
· 12-01 13:38
650,000 Bitcoins, this guy is really playing big, retail investors can just take a look.
View OriginalReply0
staking_gramps
· 12-01 13:18
650,000 pieces, this guy really has money to spare, while we retail investors can't even get a drop.
View OriginalReply0
SleepTrader
· 12-01 13:17
650,000 coins, this is no longer Coin Hoarding, this is hoarding the future.
Strategy bought another 130 BTC last week, now the total holdings are 650,000.
[Block Rhythm] Last week, Strategy made a move again, this time directly acquiring 130 Bitcoins.
How much did it cost? 11.7 million dollars, which calculates to about 89,960 dollars per coin. The action was quick.
How much do they hold now? As of the end of November, the data shows a total of 650,000 Bitcoins, with a market value approaching $48.4 billion. What is the average cost price? $74,436.
By this calculation, there should still be a considerable unrealized profit on the books. After all, the initial cost of building the position is still there. Although the market has fluctuated, the overall position is still profitable.
That said, continuous buying of this magnitude is either a strong bullish outlook for the future or part of a strategic layout. In any case, retail investors cannot afford to play this game.