Strategy Acquires Additional Bitcoin Amid Market Decline
- Strategy purchased 196 BTC for $22.1 million at an average price of $113,048 per Bitcoin.
- The company now holds a total of 640,031 BTC, acquired for $47.35 billion at an average price of $73,983 per Bitcoin.
- This marks the ninth consecutive weekly purchase of Bitcoin by Strategy.
- MSTR stock has seen a year-to-date gain of only 3%, down from a high of $455 earlier this year to around $314.
- Michael Saylor emphasized their commitment to acquiring more BTC with the phrase “Always ₿e Stacking.”
Despite the decline in both Bitcoin and MSTR stock prices, Strategy continues its aggressive acquisition strategy funded by selling shares of MSTR and other stocks. The recent purchase reflects their ongoing commitment to accumulate Bitcoin even amid market volatility.
With the latest acquisition, Strategy has invested significantly in Bitcoin, purchasing a total of $22 million worth despite MSTR’s current trading challenges.(Source)
