gtag('config', 'G-0PFHD683JR');
Markets

The strategy buys 245 BTC for 26 million dollars amid a decline in the geopolitical market, which is driven by geopolitical

  • The strategy acquired 245 BTC for $ 26 million during the decline in geopolitical prices.
  • The total BTC Holdings is now 592,345, at a value of $ 41.87 billion at an average cost of $ 70,681.

Michael Celor’s strategy captured 245 bitcoins for $ 26 million, while increasing market fluctuation due to escalating geopolitical tensions. The company revealed the purchase process in the American SEC file on June 23. According to presentationThe BTC strategy bought an average price of $ 105,856 during the week ending June 22.

Despite the smaller range, the purchase is in line with the constant accumulation of the strategy. It continues to build exposure even as prices decline. The purchase process followed the Bitcoin decrease from $ 108,900 to the lowest level in Ineweek near 99,000 dollars.

The current Bitcoin strategy Property Stand now at 592345 BTC. The basis of the total cost is about 41.87 billion dollars, with an average purchase price of $ 70,681 per coin. The acquisition was funded through the stock display program in the market.

The cylaore remains the course

Specifically, the strategy sold 166,566 shares of $ 17 million. It also issued 84,354 preferred stocks for STRF for $ 8.7 million. Together, these revenues funded bitcoin $ 26 million.

The latest step retains the strategy with 19.2 % BTC timing. This is a marginal increase in the 19.19 % revenue registered during the billion billion dollar purchase of BTC on June 16. The company aims to reach a 25 % YTD goal by the end of the year 2025.

Previously, the company targeted a 15 % return, but raised it on May 1. Although the current purchase process is small, it reflects the strategic time during the market drops. However, some observers asked why the company did not gain more while declining.

The Silor approach is still constant, regardless of the short -term price movement. In late 2024, he pledged to continue to buy BTC at any price level. His philosophy depends on the belief that bitcoin is a long -term store in the long run.

It is worth noting that Silor repeated his bold forecast last Saturday. He expected the value of bitcoin to $ 21 million in 21 years. Bitcoin prices flourished slightly after achieving a decrease at the end of the week about 98,000 dollars. At the time of writing this report, BTC is trading near 101,654 dollars, an increase of 0.71 % in 24 hours.

The encryption news was highlighted today
The analyst targets a two -digit XRP process with a multi -technique analysis approach

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button