Michael Saylor’s Strategy Acquires $217M in Bitcoin Amid Price Fluctuations
- Strategy purchased 1,955 Bitcoin (BTC) for $217.4 million from September 2 to September 7.
- The average purchase price was $111,196 per BTC, with prices briefly exceeding $113,000 last Friday.
- As of Sunday, Strategy holds a total of 638,460 BTC, acquired for approximately $47.2 billion at an average price of $73,880 per BTC.
- In August, the company bought around 7,714 BTC, significantly less than previous months’ acquisitions of over 31,000 BTC in July and over 17,000 BTC in June.
- Funding for this latest purchase came from three equity offerings including Series A Preferred Stocks and Common A stock MSTR.
Michael Saylor’s Strategy continues its aggressive accumulation of Bitcoin, reflecting confidence in the cryptocurrency despite recent price volatility. The company’s total holdings now stand at an impressive level following substantial purchases over the past few months.
With the recent acquisition of nearly $217 million worth of Bitcoin during a slight price increase, Strategy reinforces its position as a leading holder in the market with a total of over half a million coins.(Source)
