One company sold its last 211 bitcoin at $76,000. Strategy bought 1,036 at $79,012
Hyperscale Data says it has sold all its bitcoin, about 1,113 BTC since July. Strategy kept buying, but spent more than twice as much buying back its own preferred stock. Bitcoin now trades at $68,521.
64 of 90 bitcoin treasury companies are below cost at $72,857, Strategy by $2.21 billion
At $72,857 a coin, the public companies that report what they paid for bitcoin hold $3.01 billion less than they spent, CoinGecko's treasury tracker shows. Ether holders look worse: 14 of 15 are under water.
Rumor vs record: MSCI's cut makes funds sell Strategy shares, not Strategy's bitcoin
After MSCI dropped Strategy from its USA index, posts warned of $2.8 billion to $8.8 billion in "forced selling" and asked what it means for bitcoin. We checked four claims against MSCI's own documents and Strategy's latest SEC filing.
MSCI cuts Strategy, owner of 850,364 bitcoin, from its USA index after November 30
MSCI's November review list names "Strategy A" among 24 deletions from the MSCI USA Index. Funds that copy the index will have to sell the stock by the close of November 30.
Rumor vs record: Strategy's bitcoin is underwater, but no filing shows it must sell
Bitcoin slipped below Strategy's average purchase price overnight, and posts about a $54 billion bet gone bad spread fast. We checked each line against the company's own SEC filing and CoinGecko prices.
Strategy booked a record $20.9 billion profit. So why did it sell $432 million of bitcoin?
The biggest corporate bitcoin holder had its best quarter ever on paper. But each share is now backed by 3.7% less bitcoin than in January, it spent $2 billion propping up its own preferred stock, and its CFO is leaving.
Strategy could be dropped from MSCI's indexes. The final list lands November 11
MSCI has finalized a test that can remove "non-operating" companies, including crypto treasury firms, from its global indexes. In MSCI's own trial run, Strategy and Metaplanet were flagged for deletion, and losing index status means losing automatic buying from passive funds.
Bitcoin went from $75,600 to $87,000 in a week after the Fed hiked. ETFs did the lifting
The Fed raised rates on September 16, and bitcoin rallied instead of falling. Within a week it hit its highest level since late January as US spot ETFs took in almost $3 billion. By November 1 it was back near where it started.