Michael Saylor’s Strategy Acquires $1.28 Billion in Bitcoin
- Strategy purchased 17,994 Bitcoin (BTC) for $1.28 billion last week.
- Total BTC holdings now exceed 738,000, specifically reaching 738,731 BTC.
- The latest acquisition was made at an average price of $70,946 per BTC.
- This purchase is the largest since acquiring over $2 billion worth of BTC in January.
- Since February, Strategy has bought a total of approximately 25,229 BTC during a below-cost period.
Michael Saylor’s Strategy has notably increased its Bitcoin holdings despite trading below its overall cost basis of $75,985 per BTC. This marks a significant shift as the company previously avoided large purchases during similar market conditions.
With this latest acquisition of nearly $1.3 billion in Bitcoin, Strategy’s total investment in BTC now stands around $56 billion.(Source)
