Strategy buys $531M of Bitcoin as sentiment rebounds above $107K
Michael Saylor’s Strategy now holds 597,325 BTC, purchased for about $42.4 billion at an average price of $70,982 per coin.
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued beefing up its BTC holdings last week amid rebounding investor sentiment and rising prices.
Strategy acquired 4,980 Bitcoin (BTC) for $531.1 million during the week ending Sunday, the company announced in a US Securities and Exchange Commission filing on Monday.
Strategy’s latest Bitcoin purchases averaged $106,801 per coin, with Bitcoin surging from around $101,000 on June 23 to above $108,000 by the end of the week, according to CoinGecko data.