Michael Saylor’s Strategy is the largest Bitcoin holder in the world. They continued to accumulate the currency as BTC prices rose slightly over the past week.
Strategy acquires 1,955 BitcoinBTCBetween Sept. 2 to 7, according A filing by the US Securities and Exchange Commission on Tuesday.
The average purchase price was $111,196, as Bitcoin briefly surged over $113,000 on Friday last week before dropping to about $110,000. according CoinGecko.
Strategy now has 638,460 BTC, which was acquired for $47.2 billion, or $73,880 on average, at the time of this acquisition.
The latest Bitcoin buy by Strategy follows several purchases in August. totaling approximately 7,714 BTC For the entire month.
BTC purchases by the company last month were significantly lower than prior BTC purchases. massive 31,466 BTC acquisition In July, a BTC purchase of 17,075 was made.
This latest acquisition was funded by proceeds of three at-market equity offerings from Strategy, including its Series A Permanent Strike Preferred stock (STRK), Series A Continuous Strike Preferred stock (STRF) and MSTR’s own Common A Stock.
Magazine: Bitcoin may sink ‘below $50K’ in bear, Justin Sun’s WLFI saga: Hodler’s Digest, Aug. 31 – Sept. 6
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
