Michael Saylor’s Strategy Acquires $90 Million in Bitcoin
- Strategy purchased an additional 1,142 Bitcoin for approximately $90 million.
- The average purchase price was about $78,815 per BTC.
- Strategy now holds a total of 714,644 Bitcoin valued at around $54.35 billion.
- BTC is currently priced at $70,229, down by 11% over the past week.
- BitMine Immersion reported holdings of roughly $10.7 billion in crypto investments.
Despite ongoing market weakness affecting Bitcoin and other digital assets, Michael Saylor’s firm continues to accumulate BTC as a treasury reserve asset. Meanwhile, BitMine Immersion has emerged as a significant player in the Ethereum space with substantial investments in both Ethereum and Bitcoin.
Saylor’s company remains the largest corporate holder of Bitcoin globally, reflecting its commitment amidst market fluctuations. The recent acquisitions highlight ongoing institutional interest despite current price pressures on cryptocurrencies. (Source)
