Crypto News

Strategy Resumes Multi-Billion Dollar Bitcoin Purchases by Acquiring Over 22K BTC

Strategy Resumes Multi-Billion Dollar Bitcoin Purchases by Acquiring Over 22K BTC
© Copyright Image: CryptoPotato

The NASDAQ-listed largest corporate holder of bitcoin seems unfazed by the assets lackluster price performance lately, as it continues to scoop up more.

In its latest announcement, company co-founder Michael Saylor said the firm spent almost $2 billion to acquire 22,048 BTC.

After the conclusion of the US elections, when it became clear that there would be a big regulatory change in the country, MicroStrategy (as it was called at the time before it rebranded to Strategy in 2025) went on an accumulation spree, spending billions of dollars to increase its BTC stash.

Its progress stalled in the past few months, as its purchases declined in terms of USD value, including a modest one of just over $10 million from a couple of weeks ago.

However, last weeks acquisition was a bigger one (nearly $600 million at then-prices), while Saylors announcement from today put the companys acquisitions into the billions once again.

The 22,048 BTC acquired for $1.92 billion means that the average price was at just shy of $87,000 per bitcoin. Strategys total stash has grown to 528,185 BTC, currently valued at roughly $43.3 billion, given bitcoins price slide to $82,000 as of press time.

Still, this puts Strategy at an unrealized profit worth almost $8 billion, given that the firm has spent $35.63 billion to accumulate its BTC fortune.

The post Strategy Resumes Multi-Billion Dollar Bitcoin Purchases by Acquiring Over 22K BTC appeared first on CryptoPotato.

Read more: https://cryptopotato.com/strategy-resumes-multi-billion-dollar-bitcoin-purchases-by-acquiring-over-22k-btc/

Text source: CryptoPotato

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

You're just steps away from receiving your reward.

The most complete Crypto News Center.

Search Stories:

Latest top stories