Strategy buys $1.3B in Bitcoin as holdings top 738,000 BTC
The purchase brings Strategy’s total Bitcoin reserves to nearly 739,000 BTC despite the asset trading below the company’s average acquisition price.
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, added another large tranche of BTC to its holdings last week, pushing total reserves above 738,000 BTC.
Saylor’s Strategy acquired 17,994 Bitcoin (BTC) for $1.28 billion last week, according to a US Securities and Exchange Commission filing on Monday.
The purchase marks the largest BTC acquisition made by Strategy since January, when it acquired 22,305 BTC for $2.13 billion at an average price of $95,284 per BTC.