Michael Saylor’s Strategy takes another small step toward 700K Bitcoin

Strategy, the world's largest public Bitcoin holder, purchased an additional 168 BTC for $18.8 million last week, averaging $112,051 per coin during a market downturn. This acquisition brings Strategy's total holdings to 640,418 BTC, purchased at an average price of $74,010 per BTC for a total investment of about $47.40 billion. The current pace of buying is much slower than earlier in the year; based on recent monthly averages, it would take Strategy approximately 11 months to reach its goal of 700,000 BTC. Concurrently, Strategy's common stock (MSTR) extended losses, falling below $284 last week, though it remains significantly up year-over-year. The article also notes that other companies, like Japan's Metaplanet, have followed Strategy's lead in adopting Bitcoin treasury plans, though Metaplanet recently saw its market value dip below its Bitcoin holdings.

(Source：Cointelegraph)