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.
[adinserter block="1"]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.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/eliahinsomnia/PurpleRender
