Post by Augustine Chiagozie (@pabloexchange)

😊 Strategy buys 1,550 Bitcoin after selling 32

Strategy disclosed a purchase of 1,550 BTC for $101 million at an average price of $65,332 per coin. The buy came shortly after the company sold 32 BTC for $2.5 million, a move that sparked concerns about liquidity and funding pressure.

The purchase was almost 48x larger than the sale. It also came at a price well below the $77,135 average sale price and below Strategy's reported cost basis. At the same time, the company rebuilt its cash reserve to $1 billion after it had fallen to around $900 million.

The important detail is how the purchase was funded. Strategy raised $181 million through newly issued shares and used that capital for Bitcoin purchases and reserve funding. The Bitcoin sale itself was not the source of the cash.

The model remains the same: issue equity, raise capital, buy more Bitcoin. The debate is shifting from whether Strategy will sell BTC to how much dilution each new purchase requires.

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