Strategy Acquires $449M in Bitcoin, Increasing Holdings to Over 636K BTC
- Strategy purchased 4,048 Bitcoin (BTC) for $449.3 million between Aug. 25 and Sept. 1.
- The average purchase price was $110,981 per BTC, coinciding with a price surge above $113,000.
- Total Bitcoin holdings now stand at approximately 636,505 BTC, valued at around $46.95 billion.
- August’s total acquisitions reached 7,714 BTC, a decrease from July’s total of over 31,000 BTC.
- Purchases were funded through various ATMs including STRF ATM and MSTR ATM.
Michael Saylor’s Strategy continues its aggressive accumulation of Bitcoin despite recent price fluctuations below $108,000. The company’s significant purchases reflect a strategic commitment to the cryptocurrency market amid varying conditions.
With the latest acquisition of over $449 million in Bitcoin, Strategy has increased its holdings to more than half a million coins as part of its ongoing investment strategy.(Source)
