Michael Saylor’s Strategy Purchases 10,624 Bitcoin Amid Market Concerns
- Acquired 10,624 BTC for $962.7 million at an average price of $90,615 per Bitcoin.
- Total holdings now stand at 660,624 BTC, purchased for $49.35 billion at an average price of $74,696 per Bitcoin.
- The recent purchase was funded by selling MSTR and STRD stocks, raising $928.1 million and $34.9 million respectively.
- Strategy has established a USD reserve of $1.44 billion to avoid selling assets for the next three years.
- MSTR stock is trading around $182, up nearly 2% from last week’s close of $178.
Despite concerns about potential sales in a prolonged bear market, Strategy continues its aggressive accumulation of Bitcoin. The company’s CEO indicated that the newly established reserve will cover dividend payments for approximately 21 months.
This latest acquisition marks one of the largest purchases this year, following a previous buy of 21,021 BTC for $2.46 billion in July.
