The Strategy company, owned by businessman Michael Saylor, announced the purchase of 130 bitcoins valued at $11.7 million, at an average price of $89,960 per bitcoin. Thus, the company's holdings reach 650,000 bitcoins purchased for a total of $48.38 billion and an average price of $74,436 per bitcoin.
This deal came amid a panic in the cryptocurrency market, as the price of bitcoin fell below $85,000, while MSTR shares are experiencing a decline of more than 5% in pre-market trading.
The company confirmed the continued accumulation of Bitcoin even if the market enters a bearish phase, noting that it has created a dollar reserve worth $1.44 billion to support the payment of dividends and interest on existing debts, with a commitment not to sell Bitcoin except as a last resort.
Source: Strategy + coingape.
