Strategy increased its holdings by 22 million USD in Bitcoin, currently holding over 640,000 BTC.

CN
4 hours ago

Michael Saylor's Strategy, as the world's largest publicly traded Bitcoin holder, increased its holdings of the cryptocurrency again last week when the Bitcoin price fell below $110,000.

According to documents submitted by Strategy to the U.S. Securities and Exchange Commission on Monday, the company purchased 196 Bitcoins for $22.1 million in the week ending Sunday.

Data from CoinGecko shows that the average purchase price for this acquisition was $113,048 per Bitcoin. At the beginning of this week, the Bitcoin price was above $112,000, but it fell below $110,000 last Thursday.

After this acquisition, Strategy currently holds a total of 640,031 Bitcoins, with a cumulative purchase amount of approximately $47.35 billion. The average purchase price is $73,983 per Bitcoin.

The latest $22 million Bitcoin purchase by Strategy is one of the smallest weekly increases the company has made to date, reflecting a continued slowdown in its accumulation pace over the past few months.

Last week, Strategy co-founder Michael Saylor predicted that as institutional adoption continues to grow, Bitcoin will be driven upward and start to rise again by the end of the year.

He stated, "I believe that as we gradually overcome recent resistance and some macro headwinds, Bitcoin will significantly rise again by the end of the year."

Related: Swift collaborates with Consensys to establish a blockchain settlement system

Original: “Strategy increases Bitcoin holdings by $22 million, now holding over 640,000 BTC”

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