🔥Strategy is picking up more Bitcoin after the controversial sell-off a few weeks back 👀
This was confirmed by the CEO of #strategy #MichaelSaylor on social media, stating that Strategy (formerly Microstrategy) bought 1,550 BTC for about $101.3 million last week at an average price of $65,332.
This move comes after they sold 32 BTC between May 26 and 31, amidst a backdrop where Bitcoin's price was nearing $60,000, leaving the market in uncertainty.
According to the 8-K filing on Monday with the U.S. Securities and Exchange Commission, Strategy's new purchases happened right as Bitcoin was in the midst of a downturn last week. With this latest acquisition, Strategy now holds a total of 845,256 BTC acquired at an average price of $75,680.
This last buy was funded by the revenue generated from common ‘class A’ sales through the company’s market offering program.
This new purchase also signals a return to the accumulation strategy of #BTC for Strategy, following their controversial sell-off a few weeks ago.
Could Strategy's sales have been a tactic to spook the market and scoop up Bitcoin at a cheaper price?
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Share and follow me for more 👈😎
$BTC
This was confirmed by the CEO of #strategy #MichaelSaylor on social media, stating that Strategy (formerly Microstrategy) bought 1,550 BTC for about $101.3 million last week at an average price of $65,332.
This move comes after they sold 32 BTC between May 26 and 31, amidst a backdrop where Bitcoin's price was nearing $60,000, leaving the market in uncertainty.
According to the 8-K filing on Monday with the U.S. Securities and Exchange Commission, Strategy's new purchases happened right as Bitcoin was in the midst of a downturn last week. With this latest acquisition, Strategy now holds a total of 845,256 BTC acquired at an average price of $75,680.
This last buy was funded by the revenue generated from common ‘class A’ sales through the company’s market offering program.
This new purchase also signals a return to the accumulation strategy of #BTC for Strategy, following their controversial sell-off a few weeks ago.
Could Strategy's sales have been a tactic to spook the market and scoop up Bitcoin at a cheaper price?
👉More crypto updates ...
Share and follow me for more 👈😎
$BTC