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MainNewsSaylor’s Str...

Saylor’s Strategy Makes Another Bitcoin Acquisition, Bringing Total to 555,450 BTC


by Jordan Lyanchev
for CryptoPotato
Saylor’s Strategy Makes Another Bitcoin Acquisition, Bringing Total to 555,450 BTC

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.

The post Saylor’s Strategy Makes Another Bitcoin Acquisition, Bringing Total to 555,450 BTC appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

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SUI Shoots Up by 8%, BTC Price Recovers From Sub-$94K Dip (Market Watch)

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MainNewsSaylor’s Str...

Saylor’s Strategy Makes Another Bitcoin Acquisition, Bringing Total to 555,450 BTC


by Jordan Lyanchev
for CryptoPotato
Saylor’s Strategy Makes Another Bitcoin Acquisition, Bringing Total to 555,450 BTC

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.

The post Saylor’s Strategy Makes Another Bitcoin Acquisition, Bringing Total to 555,450 BTC appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

Bitcoin Price Analysis: BTC’s Bullish Momentum Remains Despite Rejection at $98K

Bitcoin Price Analysis: BTC’s Bullish Momentum Remains Despite Rejection at $98K

Bitcoin continues to trade just below the $96K resistance, consolidating after its sh...
SUI Shoots Up by 8%, BTC Price Recovers From Sub-$94K Dip (Market Watch)

SUI Shoots Up by 8%, BTC Price Recovers From Sub-$94K Dip (Market Watch)

SUI and TAO are the top performers from the larger-cap alts today.