Strategy, the largest public holder of Bitcoin, celebrates the fifth anniversary of its BTC investment strategy with new purchases.
Recent Bitcoin Purchases
Strategy acquired 155 bitcoins for $18 million during the week ending Sunday, according to a US Securities and Exchange Commission filing. The average price of the new Bitcoin purchases was $116,401 per coin.
Historical Background of Strategy
The first Bitcoin purchase by the company took place on August 11, 2020, when it bought 21,454 BTC for $250 million. Since then, the price of Bitcoin has surged 960%.
Forecasts and Future
Saylor, the co-founder of Strategy, has stated plans to continue purchasing Bitcoin. He predicted that the price of BTC could reach $21 million in the future. The current holdings of the company exceed 628,946 BTC.
Michael Saylor's investment strategy in Bitcoin remains robust and focused on long-term investments, emphasizing confidence in the future of the asset.
