Michael Saylor’s Strategy is the largest Bitcoin publicholder in the world. It made its BTC purchase for five years ago, when Bitcoin was adopted as a Treasury asset.
Strategy bought 155 Bitcoin (BTCThe week ended Sunday. according According to an SEC filing made on Monday, the US Securities and Exchange Commission is a major player in global financial markets.
Strategy made new Bitcoin purchases at an average of $116.401 each coin. BTC started the week around $114,000, and was nearing its all-time highests by Sunday. according CoinGecko is a free online game.
This acquisition brought Strategy’s Bitcoins up to 628 946 BTC. These coins were purchased at an average cost of $73,288 each, for about $46.1 Billion.
Strategy purchased its first BTC in August 2020
The latest Bitcoin purchase by Strategy coincides with the fifth anniversary of its BTC treasury strategyLaunched Aug. 11 2020 with a $250 million buy of 21,454 BTC.
The price of Bitcoin, since Strategy made its first BTC investment, has risen by 960%, from approximately $11,400 at the moment of this article to about $120,000, resulting in a massive return on your investment.
Strategy (formerly MicroStrategy) has continued to buy BTC despite the price increases. They now hold more than 600,00 BTC that they have acquired in 74 separate purchases.
“If you don’t stop buying Bitcoin, you won’t stop making money,” Strategy co-founder Saylor said Post on X Sunday.
In late 2024, Saylor pledged to keep buying Bitcoin Regardless of how high the price surges. The co-founder of Strategy, who predicted that Bitcoin would reach $20,000 in June, doubled down. BTC is going to hit $21 million In the coming 21 years.
As new information becomes available, we will update this story.
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Source: cointelegraph.com
