Michael Saylor’s Strategy Makes Largest Bitcoin Purchase This Year
- Acquired 22,337 BTC for $1.57 billion at an average price of $70,194 per Bitcoin.
- Total Bitcoin holdings now stand at 761,068 BTC, purchased at an average price of $75,696.
- Funding came from selling 11.8 million STRC shares and 2.8 million MSTR shares, raising over $1.57 billion combined.
- This is the first instance this year where more funds were raised from STRC than MSTR for Bitcoin purchases.
- MSTR stock rose to around $145, up over 4% from last week’s close of $140.
Michael Saylor’s Strategy has made significant moves in the cryptocurrency market by acquiring a substantial amount of Bitcoin while simultaneously boosting its stock performance amid rising prices for both assets.
The latest purchase marks a pivotal moment as it represents the largest acquisition this year with 22,337 BTC, reflecting the company’s ongoing commitment to Bitcoin investment strategy.(Source)
