Uptober? Strategy logs slowest monthly Bitcoin buys of the year at 778 BTC
Strategy posted one of its slowest months for buying BTC, with a total of 778 BTC purchased in October, down 78% from 3,526 BTC in September.
Michael Saylor’s strategy, the world’s largest public Bitcoin holder, added to its BTC holdings last week amid rising momentum, but buying activity has slowed considerably since September.
Strategy purchased 390 Bitcoin (BTC) for $43.3 million in its latest BTC acquisition last week, according to a US Securities and Exchange Commission filing on Monday.
The purchases were made at an average price of $111,117 per BTC, with Bitcoin briefly rising past $113,000 on Tuesday, according to CoinGecko data.