Michael Saylor’s Strategy Resumes Bitcoin Purchases Amid Market Dip
- Strategy acquired 220 BTC for $27.1 million, averaging $123,561 per Bitcoin.
- The company now holds a total of 640,250 BTC, purchased for $47.38 billion at an average price of $74,000.
- This purchase follows a one-week pause in acquisitions and comes during a significant market downturn.
- MSTR stock is trading at around $307, reflecting a slight increase from last week but down nearly 13% over the past five days.
- Critic Peter Schiff questioned the timing of the purchase, noting it was made almost 8% above the current market price after Bitcoin dipped to $104,000.
This acquisition reflects Strategy’s continued commitment to accumulating Bitcoin despite recent price volatility and market challenges, including major liquidation events triggered by external economic factors.
With this latest buy, Strategy aims to enhance its holdings amidst fluctuating prices, having achieved a year-to-date yield of 25.9%. (Source)
