Michael Saylor Hints at Strategy's 100th BTC Purchase
Cointelegraph
Michael Saylor hinted that Strategy is preparing for its 100th Bitcoin purchase, following 99 buys since 2020.Summary
Michael Saylor, chairman of Bitcoin-treasury firm Strategy, signaled an impending 100th Bitcoin purchase via an X post captioned "The Orange Century," sharing a chart from StrategyTracker. Strategy has accumulated 717,131 BTC across 99 purchases since August 2020, with an average cost of $76,027 per coin, despite the current price being around $64,700. The firm has maintained consistent accumulation, purchasing BTC for 12 consecutive weeks. Saylor initiated the strategy in 2020 to use Bitcoin as an inflation hedge and store of value, making Strategy the world's largest public Bitcoin holder and leading to a roughly 950% increase in its share price since the first purchase.
(Source：Cointelegraph)