Strategy’s Bitcoin treasury swells past 660,000 BTC after fresh $962M buy
Michael Saylor said that he pitched Bitcoin as “digital capital” to wealth funds and banks, calling it the foundation for a new yield-bearing credit asset class.
Michael Saylor’s Strategy has expanded its Bitcoin treasury again, buying nearly $1 billion in BTC even as digital asset treasury inflows cool and its own stock trades sharply lower on the year.
Strategy chairman Michael Saylor announced on X that the company bought 10,624 Bitcoin (BTC) for roughly $962.7 million at an average price of $90,615 per coin last week. The move brings Strategy’s total holdings to 660,624 BTC, acquired for approximately $49.35 billion at an average price of $74,696.
The move comes during a rough stretch for Strategy’s equity. According to Google Finance, Strategy shares recently traded around $178.99, down 51% over the past 12 months.