Strategy spends $357m on BTC despite recent price dip
According to the filing, Michael Saylor’s business intelligence software company in its latest acquisition bought 3,081 BTC ($111,995.00) at an average price of $115,829. Meanwhile, Strategy proceeded with the latest buying round despite the noticeable fall in the price of the premier cryptocurrency
Strategy, the world’s largest corporate holder of Bitcoin has yet again added more tokens to its stockpile despite the recent market downturn. The firm on Monday via a filing with the US SEC confirmed that it spent $356.9 million during the weekend to buy more Bitcoin.
According to the filing, Michael Saylor’s business intelligence software company in its latest acquisition bought 3,081 BTC ($111,995.00) at an average price of $115,829. Meanwhile, Strategy proceeded with the latest buying round despite the noticeable fall in the price of the premier cryptocurrency.
Market data provided by Coinmarketcap revealed that BTC started the previous week at $116,700 before moving south to $112,000 by Thursday. Currently, Bitcoin is changing hands for $110,860 and the token has been down by almost 4% in the last seven days.
