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MainNewsModest Strat...

Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC


by Jordan Lyanchev
for CryptoPotato
Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC

The world’s largest corporate holder of bitcoin continues with its BTC accumulation strategy, this time with a relatively modest purchase.

Announced just minutes ago, Michael Saylor’s brainchild has spent $75.1 million to acquire 705 BTC at an average price of $106,495 per bitcoin.

This week’s announcement is a lot smaller than almost all made since the US elections at the end of last year. Since then, the company has made countless purchases, many of which were in the billions of dollars.

Nevertheless, Strategy’s stash continues to increase and is now at 580,955 BTC, bought for $40.68 billion or an average price of just over $70,000 per BTC. This means that the current value of the holdings is well above  $60 billion given today’s bitcoin prices.

The post Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

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Trump-Musk Rift, Bitcoin’s Price Swings, and ECB’s Latest Move: Your Weekly Crypto Recap

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No Price Spike, But 22,500 BTC Quietly Left Exchanges in a Single Day

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MainNewsModest Strat...

Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC


by Jordan Lyanchev
for CryptoPotato
Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC

The world’s largest corporate holder of bitcoin continues with its BTC accumulation strategy, this time with a relatively modest purchase.

Announced just minutes ago, Michael Saylor’s brainchild has spent $75.1 million to acquire 705 BTC at an average price of $106,495 per bitcoin.

This week’s announcement is a lot smaller than almost all made since the US elections at the end of last year. Since then, the company has made countless purchases, many of which were in the billions of dollars.

Nevertheless, Strategy’s stash continues to increase and is now at 580,955 BTC, bought for $40.68 billion or an average price of just over $70,000 per BTC. This means that the current value of the holdings is well above  $60 billion given today’s bitcoin prices.

The post Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

Trump-Musk Rift, Bitcoin’s Price Swings, and ECB’s Latest Move: Your Weekly Crypto Recap

Trump-Musk Rift, Bitcoin’s Price Swings, and ECB’s Latest Move: Your Weekly Crypto Recap

BTC slipped toward $100,000 as the duo was going against each other but managed to de...
No Price Spike, But 22,500 BTC Quietly Left Exchanges in a Single Day

No Price Spike, But 22,500 BTC Quietly Left Exchanges in a Single Day

22,500 BTC exited exchanges in one day, which points to large players accumulating ra...