Strategy’s Bitcoin Holdings Hit New ATH After Another 267 BTC Buy

Strategy’s Bitcoin Holdings Hit New ATH After Another 267 BTC Buy

The macro landscape and the building tension in different sectors, as well as growing inflation, have not deterred the world’s largest corporate holder of BTC from continuing to add more units to its stash.

Co-founder and former CEO Michael Saylor highlighted the latest purchase, noting the accumulation of 267 BTC. This puts the company’s total holdings at a new all-time high of 848,517 units.

Strategy has also repurchased $193 million worth of STRC, whose price neared its par level of $100 last week only to be rejected and close on Friday at under $98.

Strategy recently experienced a major hit after MSCI finalized the new rules that targeted it, classifying it as “non-operating,” which includes crypto treasury firms. Although the final list of affected entities is due in three weeks, JPMorgan previously estimated that removing Strategy from it could lead to $2.8 billion in passive outflows from MSTR.

Nevertheless, Saylor shrugged off the bearish news, indicating that what MSCI is doing is “disappointing.” Meanwhile, CryptoQuant’s CEO, Ki Young Ju, argued that Wall Street has remained bullish on MSTR as the potential removal of MSCI has been priced in.

The post Strategy’s Bitcoin Holdings Hit New ATH After Another 267 BTC Buy appeared first on CryptoPotato.

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