Michael Saylor’s Strategy Acquires 13,627 Bitcoin Ahead Of CLARITY Act Markup
- Strategy acquired 13,627 BTC for $1.25 billion at an average price of $91,519 per Bitcoin.
- The company now holds a total of 687,410 BTC, purchased for $51.80 billion at an average price of $75,353 per Bitcoin.
- Funding for the purchase came from sales of STRC and MSTR shares, yielding net proceeds of $119.1 million and $1.13 billion respectively.
- This marks Strategy’s largest purchase this year and follows a previous acquisition of 1,286 BTC for $116 million in late December.
- Despite the large purchase, the price of Bitcoin remains around the $90,000 range after peaking at $92,000 earlier today.
- The acquisition comes just ahead of the CLARITY Act markup that could significantly impact the crypto market.
Michael Saylor’s Strategy has made a significant move by acquiring over 13,000 BTC, positioning itself closer to the milestone of 700,000 BTC. This strategic investment is particularly notable as it coincides with legislative developments that may affect the broader crypto landscape.
With this latest acquisition totaling $1.25 billion, Strategy continues to expand its holdings amid fluctuating market conditions and legislative changes.(Source)
