Strategy (MSTR) just announced a new, massive Bitcoin purchase.
The preeminent BTC treasury company says it has purchased 13,627 Bitcoin for approximately $1.25 billion.
That’s the firm’s largest weekly purchase since last summer.
The acquisition was made at an average price of about $91,519 per Bitcoin, pushing the company’s total holdings to 687,410 BTC.
The company has now invested roughly $51.80 billion in Bitcoin overall, with its average purchase price standing at approximately $75,353 per coin.
Strategy, formerly known as MicroStrategy, began accumulating Bitcoin in 2020 and now holds the largest corporate Bitcoin portfolio globally.
Executive Chairman Michael Saylor recently confirmed Strategy is not being delisted from the influential stock index MSCI, which had considered banning companies with significant digital asset holdings.
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The post Michael Saylor’s Strategy Buys $1,250,000,000 in Bitcoin, Confirming Largest Crypto Purchase Since Summer appeared first on The Daily Hodl.
