{"id":181238,"date":"2026-01-13T13:12:15","date_gmt":"2026-01-13T12:12:15","guid":{"rendered":"https:\/\/cryptonews.com\/de\/?p=181238"},"modified":"2026-01-13T13:12:03","modified_gmt":"2026-01-13T12:12:03","slug":"strategy-kauft-bitcoin-aber-die-risiken-bleiben-hoch","status":"publish","type":"post","link":"https:\/\/cryptonews.com\/de\/news\/strategy-kauft-bitcoin-aber-die-risiken-bleiben-hoch\/","title":{"rendered":"Strategy kauft Bitcoin, aber die Risiken bleiben hoch"},"content":{"rendered":"<p>In der vergangenen Woche hat die Bitcoin Holding Strategy erneut Bitcoin gekauft. Doch trotz der erneuten Transaktion bleiben die Risiken rund um das Unternehmen hoch und Anleger m\u00fcssen vorsichtig sein.<\/p><h2 class=\"wp-block-heading\">Strategy kauft Bitcoin<\/h2><span class=\"replacer\"><\/span><p>Auch wenn der Bitcoin zuletzt etwas im Kurs nachgegeben hat, hat die Holding Strategy erneut einen Kauf get\u00e4tigt. Wie das Unternehmen auf X mitteilte, wurden in der vergangenen Woche 13.627 BTC im Gesamtwert von 1,2 Milliarden US-Dollar erworben. Der mittlere Einstiegspreis lag dabei bei 91.519 US-Dollar.<\/p><p>Damit liegen die Best\u00e4nde der Holding nun bei 687.410 BTC, die f\u00fcr knapp 52 Milliarden US-Dollar bzw. zu einem durchschnittlichen Preis von 75.353 US-Dollar erworben wurden.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Strategy has acquired 13,627 BTC for ~$1.25 billion at ~$91,519 per bitcoin. As of 1\/11\/2026, we hodl 687,410 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$51.80 billion at ~$75,353 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRK<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRF&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRF<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRD<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$STRE<\/a> <a href=\"https:\/\/t.co\/bIbPbFAbTa\">https:\/\/t.co\/bIbPbFAbTa<\/a><\/p>&mdash; Strategy (@Strategy) <a href=\"https:\/\/twitter.com\/Strategy\/status\/2010699035141693603?ref_src=twsrc%5Etfw\">January 12, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p>Finanziert wurden diese K\u00e4ufe \u00fcbrigens mehrheitlich durch die Ausgabe von Stammaktien von Strategy und genau hier liegt f\u00fcr viele Kritiker das Problem.<\/p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/vg01.met.vgwort.de\/na\/34667c56529047b9823449fff614c763\" width=\"1\" height=\"1\" alt=\"\"><h2 class=\"wp-block-heading\">Risiken bleiben hoch<\/h2><span class=\"replacer\"><\/span><p>Denn die BTC-Holding notiert aktuell kaum noch mit einem Aufgeld gegen\u00fcber dem eigenen NAV. Mit einem mNAV von 1,04 werden Kapitalerh\u00f6hungen f\u00fcr das Unternehmen zunehmend unattraktiver, und bei einem Fall unter die Marke von 1,0 droht sogar ein Ausbleiben der wichtigsten Finanzierungsquelle, da in einem solchen Szenario neue Aufnahmen von Geld bestehende Anleger verw\u00e4ssern w\u00fcrden.<\/p><p>Gleichzeitig sind K\u00e4ufe durch die Ausgabe von Wandelanleihen oder Vorzugsaktien ebenfalls schwierig. Hintergrund: Da Strategy keine operativen Cashflows hat sind zur Zahlung von Dividenden und Zinsen ebenfalls regelm\u00e4\u00dfige Kapitalerh\u00f6hungen n\u00f6tig. Deren Zukunft ist allerdings angesichts des niedrigen mNAVs unsicher.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Here&#39;s another week of balance sheet expansion via equity sales at close to MNAV.<br><br>If I were Strategy, my thought process would be as follows:<br><br>1) The majority of the mnav compression has already happened.<br><br>2) I like the price of BTC here<br><br>2) I have massive volume and liquidity\u2026 <a href=\"https:\/\/t.co\/frx7UQxiSC\">pic.twitter.com\/frx7UQxiSC<\/a><\/p>&mdash; Dan Hillery (@hillery_dan) <a href=\"https:\/\/twitter.com\/hillery_dan\/status\/2000590422863683994?ref_src=twsrc%5Etfw\">December 15, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure><p>Dementsprechend sind die Probleme bei Strategy trotz der aktuellen K\u00e4ufe weiterhin gro\u00df und Anleger sollten sich \u00fcberlegen, ob sie nicht lieber bei Bitcoin statt bei dem Unternehmen investiert sein wollen.<\/p>","protected":false},"excerpt":{"rendered":"<p>In der vergangenen Woche hat die Bitcoin Holding Strategy erneut Bitcoin gekauft. Doch trotz der erneuten Transaktion bleiben die Risiken rund um das Unternehmen hoch und Anleger m\u00fcssen vorsichtig sein.Strategy kauft BitcoinAuch wenn der Bitcoin zuletzt etwas im Kurs nachgegeben hat, hat die Holding Strategy erneut einen Kauf get\u00e4tigt. Wie das Unternehmen auf X mitteilte, [&hellip;]<\/p>\n","protected":false},"author":754,"featured_media":179917,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,1],"tags":[55,90],"editors":[5316],"sponsored_companies":[],"class_list":["post-181238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","tag-bitcoin","tag-kryptowahrung","editors-johann-werther"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Strategy kauft Bitcoin, aber die Risiken bleiben hoch<\/title>\n<meta name=\"description\" content=\"In der vergangenen Woche hat die Bitcoin Holding Strategy erneut Bitcoin gekauft. 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