Michael Saylor’s Strategy Resumes Bitcoin Acquisitions with $101 Million Purchase
- Strategy acquired 1,550 BTC for $101 million at an average price of $65,161 per BTC.
- The company’s total Bitcoin reserve now stands at ₿845,256.
- USD reserves were increased by $100 million to reach $1 billion.
- The acquisition follows a three-week pause in buying Bitcoin amid market fluctuations.
- Saylor hinted at further acquisitions through a recent post on X, referencing the company’s historical purchase patterns.
This latest purchase underscores Michael Saylor’s commitment to accumulating Bitcoin, especially after facing criticism for selling some of their holdings. The increase in both Bitcoin and USD reserves reflects a strategic approach to maintaining financial stability and supporting STRC dividends.
With the recent acquisition of $101 million in Bitcoin, Strategy continues to strengthen its position in the cryptocurrency market while expanding its reserves significantly. (Source)
