Michael Saylor’s Strategy announced that it has made its most recent BTC purchases, after the Bitcoin price dropped briefly to $103,000 in a single week last year.
Strategy purchased 705 Bitcoins for $75,1 million between May 26-30. announced The second of June is a day to celebrate.
Bitcoin was used to make the latest Bitcoin purchases. The average purchase price per coin is $106,495 dropping from $110,000 last Monday The weekend brings us to a new intraweek low, $103,400.
The last Strategy Bitcoin purchase in May was made. Strategy has now acquired 580 955 BTC at an approximate $40.68 Billion, or $70 023 per coin.
MSTR’s Strategy Director sells shares
Jarrod Patten, Strategy’s director of sales, sold Class A after acquiring the new Bitcoin.
According According to the Strategy Report of the Proposed Sale of Securities filed on May 30th, Patten had sold nearly $1.4m worth of shares between the dates of May 22-29.
Following the sale, the stock of Strategy, which trades under the ticker MSTR fell briefly below $360 both on May 28th and 30th.
TradingView reported that Strategy closed the week last year at $369 but is currently down 1.6% in premarket.
Strategy’s stock has still gained 123% annually, despite recent falls.
Magazine: Bitcoin $200K ‘obvious’ breakout, GameStop’s first BTC buy: Hodler’s Digest, May 25 – 31
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Source: cointelegraph.com
