Strategy adds $740M of Bitcoin as price surges past $122K
Michael Saylor’s Strategy made a fresh $739.8 million investment in Bitcoin last week, with total holdings now reaching 607,770 BTC.
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time on July 14.
Strategy acquired 6,220 Bitcoin (BTC) for $739.8 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday.
Strategy’s new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according to CoinGecko.