MicroStrategy $65B Bitcoin Treasury Na Di 11 Largest for US
MicroStrategy stop to dey buy Bitcoin from June 30 reach July 6, so their crypto holdings still dey 597,325 BTC (about $65 billion). From April 7 to June 29, di Nasdaq company add 69,140 BTC for $6.77 billion, and their Bitcoin holdings don increase 10.4% for value. Bitcoin dey stabilize near $108,000 after e no fit break the $110,000 resistance, e down 1.5% for 24 hours.
The company own Bitcoin treasury dey number 11 for size among US companies, e fit match NVIDIA’s $66 billion cash reserve. MSTR stock close 0.7% lower at $395, e follow Bitcoin drop, but e still dey up 38.5% year-to-date compared to Bitcoin’s 16.1% and S&P 500’s 6.1%.
To fund future Bitcoin investment and working capital, MicroStrategy arrange $4.2 billion sale of 10% Series A perpetual preferred stock (tickers STRK, STRF, STRD) inside $42 billion capital plan—$23.9 billion issued and $34.1 billion capacity dey left. Dem dey target 25% Bitcoin yield and $15 billion gains by 2025; so far, dem don achieve 19.7% yield ($9.6 billion gains) and $14 billion Q2 unrealized gains.
Bullish
MicroStrategy dey still dey gather more Bitcoin and get big Bitcoin treasury wey dem back up wit one major preferred stock fundraising plan, e dey make institutional demand and price support strong. Di price wey dey near $108,000 plus di company own 25% yield target and di way wey dem dey use capital well mean say downside no go plenty and the upside potential go strong. For long term, if company continue dey adopt Bitcoin sharply and get more money to buy, e fit make market sentiment dey bullish.