Strategy just dropped over $2 billion to scoop up Bitcoin, pushing their total stash to 843,738 BTC
According to a post by Michael Saylor, Strategy bought 24,869 BTC last week for $2.01 billion, averaging a purchase price of around $80,985.
This marks Strategy's largest move after several weeks of smaller acquisitions, even missing some trading opportunities, signaling that their Bitcoin accumulation strategy is picking up steam again.
This latest buy brings Strategy's total Bitcoin holdings to 843,738 BTC, with an average purchase cost of about $75,700.
Currently, the company has invested nearly $64 billion, and at today's prices, this stash is worth around $65.2 billion, showing a slight unrealized gain.
Previously, Strategy's acquisition scale was much smaller. Just a week prior, they spent $43 million to buy 535 BTC; and due to the market slump in the last few months, they reported a net loss of $12.54 billion for Q1 this year.
However, Strategy hasn't backed down; instead, they've taken bold steps. Last week, the company announced plans to buy back bonds totaling around $1.5 billion, reflecting confidence in their financial position.
At the same time, Strategy hasn't ruled out the possibility of selling Bitcoin in the future, a stance that seems to address recent widespread speculation. Right now, the market is buzzing with curiosity about their next moves, and investors are keeping a close eye on what the company will do next.
#Strategy
According to a post by Michael Saylor, Strategy bought 24,869 BTC last week for $2.01 billion, averaging a purchase price of around $80,985.
This marks Strategy's largest move after several weeks of smaller acquisitions, even missing some trading opportunities, signaling that their Bitcoin accumulation strategy is picking up steam again.
This latest buy brings Strategy's total Bitcoin holdings to 843,738 BTC, with an average purchase cost of about $75,700.
Currently, the company has invested nearly $64 billion, and at today's prices, this stash is worth around $65.2 billion, showing a slight unrealized gain.
Previously, Strategy's acquisition scale was much smaller. Just a week prior, they spent $43 million to buy 535 BTC; and due to the market slump in the last few months, they reported a net loss of $12.54 billion for Q1 this year.
However, Strategy hasn't backed down; instead, they've taken bold steps. Last week, the company announced plans to buy back bonds totaling around $1.5 billion, reflecting confidence in their financial position.
At the same time, Strategy hasn't ruled out the possibility of selling Bitcoin in the future, a stance that seems to address recent widespread speculation. Right now, the market is buzzing with curiosity about their next moves, and investors are keeping a close eye on what the company will do next.
#Strategy