Strategy’s Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details

Strategy's Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details



Michael Saylor, the bitcoin brain behind Strategy’s BTC plan, announced the latest acquisition earlier today with which the company has made a return to the billions of USD.

More precisely, the NASDAQ-listed firm spent $1.34 billion to acquire 13,390 BTC at an average price of just shy of $100,000. This means that the acquisition was completed sometime in the middle of last week, when BTC last stood within a five-digit price territory.

Recall that last week’s purchase was a lot more modest as the company had allocated $180 million to acquire 1,895 BTC. Now, though, Strategy is back with the billion-dollar buys and its stash has shot up to 568,840 BTC.

It was accumulated at an average price of $69,283 per bitcoin. Given the asset’s price explosion as of late, Strategy’s holdings are now valued at over $59 billion, putting them at an an unrealized profit of approximately $20 billion.

Ledger

While Saylor’s company continues to accumulate BTC en masse and refuses to sell even a single one, here’s a detailed article on how these purchases have turned the cryptocurrency into a deflationary asset.

MSTR’s price has been on a roll in the past month, surging by over 33%. It closed on Friday at $416.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

CryptoKorner
Blockonomics
CryptoKorner
Strategy's Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details
Ledger
Fiverr
Bitcoin’s OP_RETURN Limit Soars to Nearly 4MB in Core 30 Update
Bitcoin
Bitcoin and altcoins could seek new all-time highs this week
Analyst Projects $515B Tether Valuation—CEO Says BTC and Gold Are Missing From the Equation
Trump Media to Raise $12B Via Securities Offering – More BTC Purchases Incoming?
Bitcoin
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Free book
TokenMetrics
Top five security principles driving open source cyber apps at scale
Bitcoin’s OP_RETURN Limit Soars to Nearly 4MB in Core 30 Update
BTC trades at $109.7K after weekend surge; Ethereum
Tether to Open Source Bitcoin Mining Operations by Q4 2025
Feds Charge Crypto Founder With Evading U.S. Sanctions, Laundering $500M
Top five security principles driving open source cyber apps at scale
Bitcoin’s OP_RETURN Limit Soars to Nearly 4MB in Core 30 Update
BTC trades at $109.7K after weekend surge; Ethereum
Tether to Open Source Bitcoin Mining Operations by Q4 2025
ar
zh-CN
nl
en
fr
de
it
pt
ru
es
en
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
dogecoin
tron
cardano
bitcoin
ethereum
tether
xrp
bnb
solana
usd-coin
dogecoin
tron
cardano