Strategy acquires $835 million worth of Bitcoin in its largest purchase since July
Summary
Strategy, the world's largest Bitcoin treasury company, acquired 8,178 Bitcoin for approximately $835 million, achieving an average purchase price of $102,171 per coin, according to an SEC filing. This transaction, completed last week, is noted as the company's most significant Bitcoin accumulation since July. Founder and executive chairman Michael Saylor had previously indicated the company was buying during recent market dips. Strategy now holds 649,870 Bitcoin, representing over 3% of all circulating Bitcoin, and Saylor highlighted Bitcoin's superior performance relative to traditional assets like gold and the S&P 500.
(Source:Crypto Briefing)