Strategy’s latest $99.7 million Bitcoin acquisition brought its total Bitcoin holdings to 639,835 BTC, acquired for about $47.3 billion.
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Michael Saylor’s Strategy, the world’s largest corporate Bitcoin holder, added more BTC to its balance sheet last week as the US Federal Reserve cut interest rates for the first time this year.
Strategy acquired 850 Bitcoin () for $99.7 million during the week ending Sunday, to a US Securities and Exchange Commission filing on Monday.
The purchase was made at an average price of $117,344 per coin as BTC briefly surged to multiweek highs above $117,000 last Thursday following the , to CoinGecko data.
The acquisition brought Strategy’s total Bitcoin holdings to 639,835 BTC, purchased for about $47.3 billion at an average price of $73,971 per coin.
Strategy’s latest Bitcoin purchase continues the trend of modest acquisitions, highlighting a slowdown compared with the large buys seen earlier this year.
So far in September, Strategy has acquired 3330 Bitcoin, a sharp decline from the — itself down 75% from .
Saylor, who is known for his commitment to , has made some remarks on the limited volatility of Bitcoin observed in the past months amid growing institutional adoption.
“The conundrum is, well, if the mega institutions are going to enter, if the volatility decreases, it is going to be boring for a while, and because it’s boring for a while, people’s adrenaline rush is going to drop,” he .
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