S&P 500 & Bitcoin: A 1955 Parallel?

by Archynetys Economy Desk

[블록미디어 이은서 기자] Bitcoin (BTC) largest company Stratege (formerly Microstratage) has again bought Bitcoin. However, the company’s stock was hit by the impact of the Standard & Poor’s 500.

Stratege, Bitcoin 1955, $ 217.4 million

According to Coin Gape on August 8 (local time), 1955 Bitcoin was purchased from September 2 to 7 for $ 217.4 million. The average buy price was $ 11,1196.

As a result, the strategy recorded a cumulative return of 25.8%this year, with a total retention of 63,8460 BTCs. The total purchase price is $ 41.7 billion, with an average unit price of $ 73,880.

According to the SEC disclosure, most of the buyers have also raised funds by selling MSTR stocks. Stratege sold 59,1606 shares of MSTR and secured $ 250 million, and additionally paid $ 11.6 million for STRF stocks and $ 5.2 million (about 7.2 billion won) by selling STRK stocks.

Buying continues even after the incorporation of S & P500

It is noteworthy that the purchase was made immediately after the company’s incorporation of the company’s S & P 500 index. Despite the fact that the Strategy has met all the requirements, the S & P 500 Index Committee has selected Robin Hood, Apprubin, and Amcore, except for Michael Sailor’s company.

Sailor, meanwhile, posted an article on the day ago on X (formerly Twitter). He shared the strategy’s Bitcoin status screen and left the phrase, “I need more orange.”

This purchase is a weekly buying week for six consecutive weeks. Last week, he bought 4048 BTCs for $ 444 million, and now the company has more than 3% of the total bitcoin distribution.

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