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Michael Saylor’s Strategy ($MSTR) Makes Second Straight $1 Billion Bitcoin Buy

Bitcoin Magazine
Strategy ($MSTR) purchased nearly $1 billion in Bitcoin for the second consecutive week amid a market pullback.

Summary

Strategy, the largest publicly traded Bitcoin holder, acquired another 10,645 BTC for approximately $980.3 million, averaging $92,098 per coin, marking its second consecutive $1 billion-level purchase. This acquisition, funded primarily through equity issuance, brings Strategy's total holdings to 671,268 BTC, with an average cost of $74,972 per coin. The aggressive buying signals renewed conviction from Executive Chairman Michael Saylor, despite concerns over shareholder dilution and a recent dip in Bitcoin's price below $90,000. Separately, Strategy confirmed it will remain a Nasdaq 100 constituent and is actively opposing MSCI's review regarding the exclusion of Bitcoin treasury companies from its benchmarks.

(Source:Bitcoin Magazine)