Strategy buys $357M in Bitcoin as price drops to $112K

Michael Saylor’s Strategy announced a $356.9 million Bitcoin purchase last week, bringing total BTC buys in August to just 3,666 BTC.

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more BTC to its balance as the price tumbled to $112,000 last week.

Strategy acquired 3,081 Bitcoin (BTC) for $356.9 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday.

Saylor’s business intelligence software company purchased its latest Bitcoin batch at an average price of $115,829 per coin, as BTC started the week at around $116,700 and slipped to $112,000 on Thursday, according to CoinGecko.

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