Key Takeaways
- Strategy bought 8,178 Bitcoin for $835 million at an average price of $102,171.
- This marks Strategy’s largest Bitcoin acquisition since July.
Strategy, the world’s largest Bitcoin treasury company, acquired 8,178 Bitcoin for around $835 million at an average price of $102,171 per coin, according to a new SEC filing. The purchases, completed last week, represent the company’s largest accumulation since July.
Michael Saylor, founder and executive chairman of Strategy, revealed last week that the company was buying a substantial amount of Bitcoin, particularly during recent market fluctuations where Bitcoin fell below $95,000 before recovering above $96,500.
Saylor emphasized Bitcoin’s robust performance compared to traditional assets like gold and the S&P 500, noting that Strategy now holds over 3% of all Bitcoin, with significant returns and manageable leverage.
Strategy now holds 649,870 Bitcoin, valued at over $61 billion at current market prices.
Source: https://cryptobriefing.com/bitcoin-purchase-strategy-update/
