Strategy Inc.: Bitcoin Rises 20% in Three Days – Crypto Holdings Record $1.4 Billion Book Gain!
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Within three days, the price of Bitcoin rose from $64,200 to temporarily over $79,000. Strategy Inc. thus records an unrealized book gain of around $1.4 billion. A political crypto summit drove market dynamics this week and led to significant short covering. The management is leveraging the value increases to hedge liabilities and repurchase preferred shares. The Dual Business Model Strategy Inc. (MSTR) combines traditional software business with an extensive crypto treasury. The company uses ongoing revenues and targeted capital measures...
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