Bitcoin jumps to $ 120,000, the Catapult Strategy’s holding to register $ 77.4 billion


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Bitcoin bounced back over the six -digit brand, and a company that has invested heavily in the coin saw the value of its stash climb to a disc $ 77.4 billion.

According to market trackers and other reports, recovery in Bitcoin price Driven that valuation higher after the token moved towards $ 120,000.

Strategy bitcoin hoard hits new heights

Reports have revealed that strategy, the company previously called Micro Strategy, now has approximately 640,031 BTC. This amount represents about 3.2% of the circulating supply, based on generally used delivery figures.

Over the past seven weeks, the company added 11,085 BTC in balance, with a recent purchase of 196 BTC on September 29, according to applications and market trackers. These purchases helped to lift the dollar value for the holdings to the new height.

Big purchases keep in line with the market

Based on reportsThe company has continued to buy when BTC recovered. At the price levels that pushed the holdings to $ 77.4 billion, each move in Bitcoin price sends large swings through the company’s net value and heading number.

Source: Strategy

The strategy accumulation has been steady: acquisitions in recent months increased their total in the six hundred thousands of coins.

Market offenders point out that such large holdings mean that the company’s wealth is closely linked to Bitcoin’s price measure.

The size of the venture versus other companies and countries

BTCUSD currently deals with $ 120 324. Diagrams: Tradingview

Analysts compared the strategy’s crypto -stash with market caps for large banks and even with GDPs for minor nations. These comparisons highlight how large a single company’s crypto high has become in dollars.

The company’s balance sheet now contains a sum similar to the market values ​​of several long -term financial companies and for the annual production of certain smaller economies.

Accounting meetings and financing movements

According to reports, the strategy has registered several quarters with accounting losses tied to cryptopris fluctuations. An archiving showed an unrealized loss figure in billions during a downturn, and the company has moved to raise capital.

Figures indicate that a recent offer of $ 21 billion was announced as part of steps to support additional purchasing and corporate needs. That plan and similar financing measures have been carefully seen by investors weighing dilution against continued accumulation.

Image from Unsplash, charts from TradingView

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