Strategy acquires $835 million worth of Bitcoin in its largest purchase since July
Key Takeaways
- Strategy bought 8,178 Bitcoin for $835 million at an average price of $102,171.
- This marks Strategy's largest Bitcoin acquisition since July.
Strategy, the world’s largest Bitcoin treasury company, acquired 8,178 Bitcoin for around $835 million at an average price of $102,171 per coin, according to a new SEC filing . The purchases, completed last week, represent the company’s largest accumulation since July.
Michael Saylor, founder and executive chairman of Strategy, revealed last week that the company was buying a substantial amount of Bitcoin, particularly during recent market fluctuations where Bitcoin fell below $95,000 before recovering above $96,500.
Saylor emphasized Bitcoin’s robust performance compared to traditional assets like gold and the S&P 500, noting that Strategy now holds over 3% of all Bitcoin, with significant returns and manageable leverage.
Strategy now holds 649,870 Bitcoin, valued at over $61 billion at current market prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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