Michael Saylor's company, known for its Bitcoin investments, continues to increase its holdings in the cryptocurrency amid price growth.
New Bitcoin Acquisitions
Last week, Strategy, the largest public holder of Bitcoin, acquired 6,220 BTC for $739.8 million. According to a report, this acquisition occurred as Bitcoin reached a historic price of $122,000.
The purchases were made at an average price of $118,940 per coin, despite price fluctuations. The week began with Bitcoin at $122,000, dropping to $116,000, and then stabilizing around $118,000.
Sales of Strategy Shares
Before announcing the latest Bitcoin acquisitions, Strategy filed a notice with the SEC regarding planned share sales. According to this filing, Senior Executive Vice President Wei-Ming Shao sold another 10,900 shares of Strategy (MSTR) worth about $4.9 million. Additionally, he made a previous sale of shares worth $25.7 million last week.
Company and Market Overview
Following the latest acquisition, Strategy's Bitcoin holdings reached 607,770 BTC, purchased for approximately $43.6 billion at an average price of $71,756 per coin. This information reflects the consistent interest of the company in cryptocurrencies and their increasing popularity in financial markets.
Strategy's growing interest in Bitcoin is evidenced by the recent large acquisition, underscoring the company's active position in the cryptocurrency sector amidst market fluctuations.
