Michael Saylor’s Strategy Marks Five Years of Bitcoin Adoption with New Purchase
- Strategy acquired 155 Bitcoin (BTC) for $18 million, marking its first purchase since August.
- The average purchase price was $116,401 per BTC, with Bitcoin prices nearing all-time highs around $122,000.
- This acquisition increased Strategy’s total Bitcoin holdings to approximately 628,946 BTC, valued at about $46.1 billion.
- Since its first BTC purchase on August 11, 2020, the price of Bitcoin has surged by approximately 960% from around $11,400.
- Despite this modest acquisition compared to previous purchases, Strategy has consistently bought BTC over the years.
Michael Saylor’s Strategy continues to demonstrate a strong commitment to Bitcoin as a treasury asset after five years of acquisitions and significant price growth. The recent purchase reflects ongoing investment strategies amidst fluctuating market conditions.
The latest buy of just 155 BTC stands out as one of the smallest in Strategy’s history but still contributes to their substantial holdings accumulated over time. (Source)
