Strategy Acquires 592 BTC in 100th Bitcoin Purchase
Strategy completed its 100th Bitcoin purchase, acquiring 592 BTC for about $39.8 million, bringing its total holdings to 717,722 BTC.Summary
Strategy purchased 592 Bitcoin for approximately $39.8 million last week, marking its 100th Bitcoin acquisition since adopting its Bitcoin-focused treasury strategy in August 2020. This latest purchase, averaging $67,286 per BTC, was funded by selling about $39.7 million worth of Class A common stock through its at-the-market offering program. The acquisition raises Strategy's total Bitcoin holdings to 717,722 BTC, accumulated at an aggregate cost of $54.56 billion, with an overall average purchase price of $76,020 per coin. Executive chairman Michael Saylor hinted at this milestone, calling it "The Orange Century," and remains confident in Bitcoin's long-term potential, stating, "If it’s not going to zero, it’s going to a million."
(Source：Cointelegraph)