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Co-founder and former CEO, Michael Saylor, announced the latest bitcoin acquisition made by the corporate giant, Strategy (formerly MicroStrategy).
The company has spent over $180 million to purchase 1,895 BTC, bringing its total to well over 555,000 BTC.
Saylor hinted at the acquisition on Sunday, posting a chart from the saylortracker website, in which he wrote that there are not enough orange dots (used to showcase the company’s BTC purchases).
The latest buy comes at a more modest $180.3 million, which is a lot less than the previous ones, including last week’s announcement for $1.4 billion.
Nevertheless, Strategy continues with its years-long strategy (no pun intended) to acquire BTC on a frequent basis. It has really ramped up its efforts after the US elections.
Its total stash has surged to 555,450 BTC, bought at an average price of $68,550 per bitcoin. This means that the firm has spent $38.08 billion to acquire it, and its unrealized profit is currently north of $14 billion as BTC stands above $94,000.
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The company has spent over $180 million to purchase 1,895 BTC, bringing its total to well over 555,000 BTC.
Saylor hinted at the acquisition on Sunday, posting a chart from the saylortracker website, in which he wrote that there are not enough orange dots (used to showcase the company’s BTC purchases).
The latest buy comes at a more modest $180.3 million, which is a lot less than the previous ones, including last week’s announcement for $1.4 billion.
Nevertheless, Strategy continues with its years-long strategy (no pun intended) to acquire BTC on a frequent basis. It has really ramped up its efforts after the US elections.
Its total stash has surged to 555,450 BTC, bought at an average price of $68,550 per bitcoin. This means that the firm has spent $38.08 billion to acquire it, and its unrealized profit is currently north of $14 billion as BTC stands above $94,000.
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
The post Saylor’s Strategy Makes Another Bitcoin Acquisition, Bringing Total to 555,450 BTC appeared first on Panther AI.
Continue reading...