Saylor’s Strategy Resumes Bitcoin Accumulation Spree After Last Week’s Sale
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MicroStrategy co-founder Michael Saylor confirmed the company bought 1,550 BTC for just over $100 million at an average price of $65,332, bringing its total holdings to 845,256 BTC acquired at an average cost of $75,680. With Bitcoin trading under $64,000 the firm sits with a paper loss of over $10 billion, near a corporate crypto loss record of about $12.5 billion, highlighting balance-sheet risk for large institutional BTC holders and implications for crypto adoption and market exposure.
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After hinting on Sunday that the company he co-founded and spearheaded for years has resumed its BTC acquisitions, Michael Saylor made it official minutes ago, indicating that Strategy has purchased 1,550 BTC for just over $100 million (at an average price of $65,332).
Its total stash has grown to 845,256 units, acquired at an average price of $75,680. Given bitcoin’s substantial crash to under $64,000 now, this means that the firm is still deep in the red on its position, with a current paper loss of over $10 billion, just north of the recent record of around $12.5 billion.
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In This News
Coins
$ 63.89K
-0.34%$ 0.00186
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