Strategy adds $50M in Bitcoin holdings to crypto stockpile
Michael Saylor’s company increased its acquisition of BTC over the previous week by purchasing another 487 coins as part of its $67 billion treasury.
Michael Saylor’s Strategy increased its cryptocurrency buying strategy by acquiring 487 Bitcoin worth about $50 million, marking an escalation over its previous week’s report.
In a Monday filing with the US Securities and Exchange Commission, Strategy said it had acquired 487 Bitcoin (BTC) at an average price of $102,557 per coin — about $50 million.
The addition of the BTC brought the company’s total holdings to 641,692 BTC, or more than $67 billion at the time of publication.