Strategy Oct 19 Bitcoin Buy: Did It Happen or Not?
crypto.news and Bitcoin.com News give conflicting accounts of whether Strategy bought bitcoin around October 19, even though both agree on Saylor’s Sunday post and the company’s 848,517 BTC holding.
crypto.news and Bitcoin.com News give conflicting accounts of whether Strategy bought bitcoin around October 19, even though both agree on Saylor’s Sunday post and the company’s 848,517 BTC holding.
What all sources agree on
- Michael Saylor posted an orange-themed accumulation chart on Sunday with the message “We found room for even more orange.”
- Strategy’s holdings stood at 848,517 BTC.
- The average acquisition cost was approximately $75,440 per coin.
- Strategy’s bitcoin holdings grew 26% year to date.
- Strategy reported record third-quarter operating income of $20.91 billion on October 29, driven by a $20.91 billion gain on its bitcoin holdings.
Where the reports disagree
1Whether Strategy purchased bitcoin around October 19
On October 19, the company purchased another 267 Bitcoin, bringing its holdings to 848,517 BTC. The purchase came alongside $193 million in repurchases of STRC preferred shares.
The company’s Oct. 26 SEC filing established that it neither bought nor sold bitcoin during Oct. 19-25.
What would settle it: Strategy’s SEC filing (8-K/10-Q) covering the week of October 19-25
What to make of it
Treat Saylor’s Sunday post and the 848,517 BTC headline figure as established, but do not treat claims of a specific October 19 bitcoin purchase as settled until Strategy’s SEC filing for that period is checked directly.
Treat Saylor’s Sunday post and the 848,517 BTC headline figure as established, but do not treat claims of a specific October 19 bitcoin purchase as settled until Strategy’s SEC filing for that period is checked directly.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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