Strategy Buys $2.13B In Bitcoin, Holdings Surpass 700K
Summary
Michael Saylor’s Strategy, the world's largest public Bitcoin holder, announced a recent purchase of 22,305 BTC for approximately $2.13 billion, bringing its total holdings to 709,715 BTC. This acquisition was made at an average price of $95,284 per coin. This latest purchase represents the company's largest since February of the previous year. The total investment in Bitcoin now stands at about $53.92 billion, averaging $75,979 per coin. The news coincided with a surge in Strategy's stock (MSTR) past $185, following Bitcoin briefly exceeding $97,000 and a decision by MSCI not to exclude digital treasury companies from its market index.
(Source:Cointelegraph)