Michael Saylor’s Strategy Adds 430 BTC, Holdings Hit 629,376 – What’s the Catch?

Michael Saylor’s Strategy has disclosed a 430 BTC buy for $51.4M at ~$119,666, taking holdings to 629,376 BTC. The firm has outlined aggregate cost of $46.15B (avg $73,320) and refined ATM rules below 2.5× mNAV to manage debt service, dividends, and selective treasury deployment.

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