Strategy with 3-7 % of Bitcoin supplies is not too much – Michael Sailor star-news.press/wp

Main meals

Silor implicitly that there is nothing wrong with his company, which is looking for 1.5 million BTC, or about 7 % of the total BTC offer. The company Q2 has seen a profitable, the first time that has followed several red quarters.

Michael Sailor, the head of the strategy (Microstrategy) reduced Bitcoin (BTC) Buys, which now control 3 % of the total BTC supply.

In a recent interview, CNBC, Silor I mentionedand

“I don’t think possess 3 % to 7 % of bitcoin supply too much. Blackrock has more.”

The strategy currently has 628,791 BTC, or about 3 % of the total BTC supplies. The 7 % target will have 1,470,000 BTC or about 1.5 million coins.

Source: Bitcoin bonds

Q2 profit record and BTC plans

The company also revealed a profitable Q2 during the last Profit call It was held on July 31. It achieved 10 billion dollars of net income in the second quarter, which represents the first profitable quarter after a series of losses.

In addition, the BTC Holding profit reached $ 13.2 billion on the basis of YTD (year to date). The BTC’s aggressive acquisition is funded by sharing and debt version.

However, the constant sales of shares of capital has led to a reduction in the participation of a decrease in MNAV (the net value of the modified assets), an indicator that tracks the company’s market value related to BTC rights.

To prevent more mitigation, the strategy said it will only sell MSTR shares when MNAV is above 2.5X. You are Matthew Solim Be praised This “Best Step in Chapter” MSTR Treasury Management.

Source: Excerpts from the Strategy’s profits report

At the time of the press, MNAV It was in 1.62X, below the record level of 3.89X hit last November.

Now, the company will focus on your favorite permanent shares to raise the capital to buy BTC. It includes stretching (StRC), Strike (STRK), Stride (STRD), and conflict (Strf).

But it seems that Stretch (STRC) is the most suitable favorite stocks, reaching the largest $ 2.5 billion It has been completed Recently to buy more than 21k BTC.

It has a variable return on the basis of market performance, and Silor invoice It is “BTC”, like the Money Market Fund.

On the other hand, normal stocks MSTR were provided as “BTC amplification” to those looking for 2x BTC exposure.

In fact, Silor looked at the fact that MSTR is less capacity at the current level I mentionedand

“The strategy is misunderstood and less than $ MST

Source: Strategy/X

In a note for customers, Wall Street analysts in Benchmark chanted the same thing and put a category for MSTR with the price of 705, adding that,

“The result is that MSTR is no longer just buying Bitcoin anymore, but instead the location of the cabinet machine for companies designed to generate Bitcoin denominator, accurately manage its capital, and faster.”

At the time of the press, the MSTR value reached $ 366.63, a decrease of 8.7 % during the trading session during the first day of August.

BTC only decreased 2 % during the same period.

Source: MSTR, Tradingview