After a recent $835 million Bitcoin purchase, the company that runs the world’s largest Bitcoin Treasury announced they were back to purchasing large quantities of cryptocurrency.
Michael Saylor’s Strategy filed a filing on Monday with the US Securities and Exchange Commission. reported 8178 Bitcoins (BTCThe purchase price was approximately $835 million. The company reported that it had invested about 400 to 500 coins per week in BTC in October, and in early November.
Bitcoin prices have been volatile. Nansen’s data indicates that BTC is currently at a high price. fell The price of the product has increased by approximately 11% over the past seven days and reached $94,191 in time for publication.
Following its strategy of buying Bitcoin consistently since August 2020, Strategy still has the biggest Bitcoin holdings at 649.870 BTC. BitMine Immersion Technologies holds the most EtherETHForward Industries is the largest shareholder in Solana.SOL).
Related: Strategy’s NAV falls under 1, critics raise alarm after $5.7B Bitcoin wallet move
Saylor is the CEO of Strategy. said in an interview On social media, the company announced that it continued to purchase cryptocurrency. MSTR’s Nasdaq stock price has fallen by more than 16 percent in five days, to $197.03 as of this publication.
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Peter Schiff, the outspoken Bitcoin critic and gold investor Peter Schiff challenged Saylor to a debate Binance Blockchain Week was held in Dubai, December. Schiff, Strategy’s “entire business model [was] a fraud.”
Saylor appeared not to have responded publicly to this challenge as of the date of the publication.
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Source: cointelegraph.com
