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MainNewsStrategy Mak...

Strategy Makes Another Big Bitcoin Buy, Total Stash Surges to 538,200 BTC


by Jordan Lyanchev
for CryptoPotato
Strategy Makes Another Big Bitcoin Buy, Total Stash Surges to 538,200 BTC

Michael Saylor, the co-founder and current Executive Chairman of the world’s largest corporate BTC holder, announced the latest acquisition earlier today.

The firm spent $555.8 million to accumulate another 6,556 BTC to its sizeable stash, which has now skyrocketed to 538,200 BTC.

As the post above highlights, Strategy’s (formerly MicroStrategy) average accumulation price for its latest purchase was at $84,785 per BTC, which means that the buy was completed at last week’s prices, given the fact that the asset flew past $87,000 earlier today and has remained mostly there.

In total, the company has allocated a whopping $36.47 billion to acquire its BTC fortune at an average price of $67,766 per bitcoin. This puts its overall unrealized profits at roughly $10 billion, according to current prices.

Its stock price managed to weather the recent storm caused by US President Donald Trump’s tariffs and is actually up by 4% on a month-to-month scale. It dropped to $230 during the sell-off two weeks ago, but it ended Friday close to $320.

The post Strategy Makes Another Big Bitcoin Buy, Total Stash Surges to 538,200 BTC appeared first on CryptoPotato.

Read the article at CryptoPotato

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MainNewsStrategy Mak...

Strategy Makes Another Big Bitcoin Buy, Total Stash Surges to 538,200 BTC


by Jordan Lyanchev
for CryptoPotato
Strategy Makes Another Big Bitcoin Buy, Total Stash Surges to 538,200 BTC

Michael Saylor, the co-founder and current Executive Chairman of the world’s largest corporate BTC holder, announced the latest acquisition earlier today.

The firm spent $555.8 million to accumulate another 6,556 BTC to its sizeable stash, which has now skyrocketed to 538,200 BTC.

As the post above highlights, Strategy’s (formerly MicroStrategy) average accumulation price for its latest purchase was at $84,785 per BTC, which means that the buy was completed at last week’s prices, given the fact that the asset flew past $87,000 earlier today and has remained mostly there.

In total, the company has allocated a whopping $36.47 billion to acquire its BTC fortune at an average price of $67,766 per bitcoin. This puts its overall unrealized profits at roughly $10 billion, according to current prices.

Its stock price managed to weather the recent storm caused by US President Donald Trump’s tariffs and is actually up by 4% on a month-to-month scale. It dropped to $230 during the sell-off two weeks ago, but it ended Friday close to $320.

The post Strategy Makes Another Big Bitcoin Buy, Total Stash Surges to 538,200 BTC appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

On-Chain Data Signals ‘Buy the Dip’ as Bitcoin Hashrate Hits New Highs

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BTC is down to $104,000 but is it time to buy the dip?
Bitcoin’s Current Bull Cycle Is Unlike Anything We’ve Seen Before

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This cycle differs from past ones, with artificial pullbacks after rallies hinting at...