2 hours ago

Strategy adds $18M in Bitcoin on fifth anniversary of BTC strategy

Michael Saylor’s Strategy added another $18 million in Bitcoin last week to mark the fifth anniversary of its BTC buying strategy, bringing its total holdings to 628,946 BTC.

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, has made its first BTC purchases in August, marking five years since adopting Bitcoin as a treasury asset.

Strategy acquired 155 Bitcoin (BTC) for $18 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday.

Strategy’s new Bitcoin purchases were made at an average price of $116,401 per coin, with BTC starting the week at $114,000 and nearing all-time highs around $122,000 by Sunday, according to CoinGecko.

Read more

Source: Cointelegraph →