Bitcoin Price Dipped Below $109,000 As Strategy Buys 397 More Bitcoin
Strategy purchased 397 more Bitcoin for $45.6 million while the BTC price briefly fell below $109,000.Summary
Strategy continued its aggressive Bitcoin accumulation, buying 397 BTC for approximately $45.6 million at an average price of $114,771 per coin, even as Bitcoin's price experienced volatility, dipping below $108,000 before stabilizing near $111,000. This latest acquisition brings Strategy's total holdings to 641,205 BTC, with an aggregate purchase price of $47.49 billion, averaging $74,057 per Bitcoin. The purchase was funded through various At-The-Market (ATM) offering programs, raising net proceeds of $69.5 million. The article notes that while Strategy remains the largest corporate holder, the market's reaction to its purchases is maturing, suggesting broader institutional adoption is now a greater price driver. Corporate Bitcoin adoption is accelerating, establishing the treasury model as a mainstream strategy.
(Source：Bitcoin Magazine)