Tag: weighted-average

Bitcoin News: Strategy’s $835 Million Bitcoin Acquisition Marks Largest Purchase Since July

The post Bitcoin News: Strategy’s $835 Millicom. Key Insights: Bitcoin news broke as Strategy announced an $835 million acquisition of 8, 178 BTC on November 17. The purchase represented the firm’s most significant Bitcoin-denominated buy since July 29 and pushed total holdings to 649, 870 BTC. Strategy now controls approximately 3. 1% of Bitcoin’s total circulating supply amid ongoing mNAV compression. Strategy disclosed on November 17 that it acquired 8, 178 BTC for approximately $835 million, marking its most substantial single purchase since July 29, when the firm bought 21, 021 coins. The Virginia-based company’s total cost basis reached $48. 37 billion following the transaction, with an average acquisition price of $74,430 per coin across all holdings. Strategy’s Bitcoin treasury now stood at 649, 870 BTC, equivalent to roughly 3. 1% of the cryptocurrency’s maximum supply. Bitcoin News: Purchase Arrives Amid Sub-1. 0 mNAV Trading The aggressive accumulation occurred while Strategy’s stock traded at a discount to its underlying Bitcoin holdings. At press time, MSTR shares reflected an mNAV of 0. 93, meaning investors valued the stock below the company’s net asset value. Strategy’s mNAV first breached 1. 0 on November 13 when shares traded at $222. 31, declining 1. 2% in early trading. Bitcoin Treasuries data recorded the mNAV at 0. 977 that day, marking the first instance the firm traded below net asset value since January 11, 2024. The development represented a fundamental shift in how markets valued digital asset treasury companies. The premium that MSTR stock commanded over its Bitcoin reserves evaporated as investor sentiment shifted amid tightening liquidity and broader pressure in the crypto industry. 75 and $249. 56. The transactions generated approximately $2. 58 million in proceeds.