ETF Movement: Southern Double Long MSTR (07799) Surges Over 14% as Strategy's Bitcoin Holdings Exceed 800,000

Stock News04-21 15:21

Southern Double Long MSTR (07799) rose more than 14%, with a gain of 14.59% to HK$9.385 at the time of writing, recording a turnover of HK$6.2335 million. The move follows news that Strategy (MSTR.US), the world's largest "Bitcoin treasury," spent US$2.54 billion last week to acquire an additional 34,164 bitcoins, bringing its total holdings to over 815,000. According to an SEC filing, Strategy Inc, led by Michael Saylor, purchased 34,164 bitcoins between April 13 and April 19 at an average price of approximately US$74,395 per coin, with a total expenditure of around US$2.54 billion. As of April 19, the company held a cumulative total of 815,061 BTC, with an aggregate cost of about US$61.56 billion and an average cost of roughly US$75,527 per bitcoin. Additionally, data showed that bitcoin briefly climbed above US$76,000 this morning and was trading at US$75,851.5 at the time of writing, up 1.48%.

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