Michael Saylor’s Strategy Acquires Additional Bitcoin Amid Market Stability
- Strategy purchased 3,015 BTC for $204.1 million, averaging $67,700 per Bitcoin.
- The company now holds a total of 720,737 BTC, acquired for $54.77 billion at an average price of $75,985 per Bitcoin.
- Recent purchases were funded by net proceeds of $229.9 million from selling MSTR shares and $7.1 million from STRC shares.
- This marks the tenth consecutive weekly purchase since December last year.
- Despite trading below their average entry price, the company has not liquidated any holdings and is facing an unrealized loss exceeding $7 billion.
The recent acquisition occurs as Bitcoin remains stable above $65,000 despite geopolitical tensions related to the U.S.-Iran conflict, which had previously caused a dip to around $63,000.
Saylor’s firm continues to accumulate Bitcoin even amid losses, with the latest purchase adding to its substantial holdings of over half a billion dollars in cryptocurrency assets.(Source)
