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Strategy’s Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details


by Jordan Lyanchev
for CryptoPotato
Strategy’s Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details

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Michael Saylor, the bitcoin brain behind Strategy’s BTC plan, announced the latest acquisition earlier today with which the company has made a return to the billions of USD.

More precisely, the NASDAQ-listed firm spent $1.34 billion to acquire 13,390 BTC at an average price of just shy of $100,000. This means that the acquisition was completed sometime in the middle of last week, when BTC last stood within a five-digit price territory.

Recall that last week’s purchase was a lot more modest as the company had allocated $180 million to acquire 1,895 BTC. Now, though, Strategy is back with the billion-dollar buys and its stash has shot up to 568,840 BTC.

It was accumulated at an average price of $69,283 per bitcoin. Given the asset’s price explosion as of late, Strategy’s holdings are now valued at over $59 billion, putting them at an an unrealized profit of approximately $20 billion.

While Saylor’s company continues to accumulate BTC en masse and refuses to sell even a single one, here’s a detailed article on how these purchases have turned the cryptocurrency into a deflationary asset.

MSTR’s price has been on a roll in the past month, surging by over 33%. It closed on Friday at $416.

The post Strategy’s Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details appeared first on CryptoPotato.

Read the article at CryptoPotato

In This News

Coins

$ 91.80K

+1.51%

$ 0.0161

+1.20%

$ 0.00...361

$ 14.06

$ 0.0373

+0.52%

Share:

In This News

Coins

$ 91.80K

+1.51%

$ 0.0161

+1.20%

$ 0.00...361

$ 14.06

$ 0.0373

+0.52%

Share:

Read More

“Bitcoin Is Stronger Than Ever”: Saylor Rejects Claims Wall Street Increased Volatility

“Bitcoin Is Stronger Than Ever”: Saylor Rejects Claims Wall Street Increased Volatility

Michael Saylor, executive chairman of Strategy, pushed back against concerns that Wal...
Saylor’s Strategy Makes Biggest BTC Buy Since July After Sale Rumor Fizzles

Saylor’s Strategy Makes Biggest BTC Buy Since July After Sale Rumor Fizzles

Saylor's Strategy proved the recent claims wrong with an emphatic purchase.

Strategy’s Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details


by Jordan Lyanchev
for CryptoPotato
Strategy’s Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details

Share:

Michael Saylor, the bitcoin brain behind Strategy’s BTC plan, announced the latest acquisition earlier today with which the company has made a return to the billions of USD.

More precisely, the NASDAQ-listed firm spent $1.34 billion to acquire 13,390 BTC at an average price of just shy of $100,000. This means that the acquisition was completed sometime in the middle of last week, when BTC last stood within a five-digit price territory.

Recall that last week’s purchase was a lot more modest as the company had allocated $180 million to acquire 1,895 BTC. Now, though, Strategy is back with the billion-dollar buys and its stash has shot up to 568,840 BTC.

It was accumulated at an average price of $69,283 per bitcoin. Given the asset’s price explosion as of late, Strategy’s holdings are now valued at over $59 billion, putting them at an an unrealized profit of approximately $20 billion.

While Saylor’s company continues to accumulate BTC en masse and refuses to sell even a single one, here’s a detailed article on how these purchases have turned the cryptocurrency into a deflationary asset.

MSTR’s price has been on a roll in the past month, surging by over 33%. It closed on Friday at $416.

The post Strategy’s Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details appeared first on CryptoPotato.

Read the article at CryptoPotato

In This News

Coins

$ 91.80K

+1.51%

$ 0.0161

+1.20%

$ 0.00...361

$ 14.06

$ 0.0373

+0.52%

Share:

In This News

Coins

$ 91.80K

+1.51%

$ 0.0161

+1.20%

$ 0.00...361

$ 14.06

$ 0.0373

+0.52%

Share:

Read More

“Bitcoin Is Stronger Than Ever”: Saylor Rejects Claims Wall Street Increased Volatility

“Bitcoin Is Stronger Than Ever”: Saylor Rejects Claims Wall Street Increased Volatility

Michael Saylor, executive chairman of Strategy, pushed back against concerns that Wal...
Saylor’s Strategy Makes Biggest BTC Buy Since July After Sale Rumor Fizzles

Saylor’s Strategy Makes Biggest BTC Buy Since July After Sale Rumor Fizzles

Saylor's Strategy proved the recent claims wrong with an emphatic purchase.