Strategy acquires 487 Bitcoins for $49.9M at $102,557 average price
Crypto Briefing
Strategy purchased 487 Bitcoins for $49.9 million at an average price of $102,557 per coin.Summary
Strategy, a publicly traded business intelligence firm, recently acquired 487 Bitcoins for $49.9 million, resulting in an average purchase price of $102,557 per Bitcoin. This acquisition reinforces the company's status as a significant corporate Bitcoin holder and is part of its ongoing strategy to strengthen its corporate treasury with digital assets. Strategy funds these regular Bitcoin acquisitions through sales of common stock, reflecting a broader trend of companies adopting Bitcoin for treasury reserves amid economic uncertainties.
(Source：Crypto Briefing)