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Microstrategy purchased 12,000 💰 Bitcoins for $821.7m in cash
#MicroStrategy has acquired an additional 12,000 #BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per #Bitcoin(BTC) . As of 3/10/24, $MSTR hodls 205,000 $BTC acquired for ~$6.91B at #average price of $33,706 per bitcoin.
➡️ @Àża 1
Microstrategy purchased 12,000 💰 Bitcoins for $821.7m in cash
#MicroStrategy has acquired an additional 12,000 #BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per #Bitcoin(BTC) . As of 3/10/24, $MSTR hodls 205,000 $BTC acquired for ~$6.91B at #average price of $33,706 per bitcoin.
➡️ @Àża 1
What is #SOPR ?
The SOPR (Spent Output Profit Ratio) a very simple indicator, which reflects the degree of realized profit and loss for all coins moved on-chain. It’s calculated from spent outputs, the realized value (USD) divided by the value at creation (USD) of the output. Or simply: price sold / price paid.
SOPR values greater than 1 implies that the coins moved that day are, on average, #selling at a profit (price sold is greater than the price paid).
SOPR value less than 1 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid).
SOPR value of exactly 1 implies that the coins moved that day are, on #average , selling coins at break even.
Successive peaks of high SOPR (creating an indicator #Uptrend ) suggest continual distribution, usually during a bullish price rallies. As more coins are spent back into liquid circulation, the probability of a local or macro market top increases.
#StartInvestingInCrypto
The SOPR (Spent Output Profit Ratio) a very simple indicator, which reflects the degree of realized profit and loss for all coins moved on-chain. It’s calculated from spent outputs, the realized value (USD) divided by the value at creation (USD) of the output. Or simply: price sold / price paid.
SOPR values greater than 1 implies that the coins moved that day are, on average, #selling at a profit (price sold is greater than the price paid).
SOPR value less than 1 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid).
SOPR value of exactly 1 implies that the coins moved that day are, on #average , selling coins at break even.
Successive peaks of high SOPR (creating an indicator #Uptrend ) suggest continual distribution, usually during a bullish price rallies. As more coins are spent back into liquid circulation, the probability of a local or macro market top increases.
#StartInvestingInCrypto