Michael Saylor’s Strategy Acquires $370M in Bitcoin, Resuming Purchases
- Strategy acquired 4,603 Bitcoin for $370 million at an average price of $80,318.
- This purchase increased total holdings to 845,050 BTC, valued at $63.3 billion.
- Funding came from a $602 million sale of MSTR common stock, with $30 million allocated to cash reserves.
- This marks the first acquisition since June when the company purchased 1,587 BTC for about $100 million.
- Michael Saylor announced the resumption of Bitcoin accumulation via a tweet stating “We’re Back.”
The recent acquisition reflects Strategy’s ongoing commitment to increasing its Bitcoin holdings despite market fluctuations and previous sales earlier this year.
With this latest purchase of 4,603 BTC, Strategy continues to solidify its position as the largest corporate holder of Bitcoin, having invested significantly over time.
