Michael Saylor’s Strategy announced a $449 million Bitcoin purchase made last week, bringing total BTC buys in August to just 7,714 BTC.
News
Michael Saylor’s Strategy, the world’s largest public company holding Bitcoin, purchased more BTC as the price slipped below $108,000 last week.
Strategy acquired 4,048 Bitcoin () for $449.3 million between Aug. 25 and Monday, to a US Securities and Exchange Commission filing on Tuesday.
Strategy’s latest Bitcoin purchase was made at an average price of $110,981 per BTC, as the crypto asset briefly above $113,000 and subsequently dropped below $108,000 on Friday, according to CoinGecko.
The acquisition brought Strategy’s total Bitcoin holdings to 636,505 BTC, purchased for about $46.95 billion at an average price of $73,765 per coin.
Strategy’s latest Bitcoin acquisition followed regular but modest buying in August, including a . The other two purchases in August included a and another in early August.
Together with the latest purchase, Strategy acquired 7,714 BTC in August, a significant decline from the .
The latest Bitcoin purchases were made using proceeds from the STRF ATM, STRK ATM, STRD ATM and MSTR ATM.
This is a developing story, and further information will be added as it becomes available.
Magazine:
