Currencies38131
Market Cap$ 2.28T+0.39%
24h Spot Volume$ 25.46B-21.9%
DominanceBTC56.41%+0.06%ETH9.59%+1.13%
ETH Gas0.12 Gwei
Cryptorank
/

Bitcoin Buying Monday: Strategy Joins Metaplanet by Acquiring Additional 7,390 BTC


Bitcoin Buying Monday: Strategy Joins Metaplanet by Acquiring Additional 7,390 BTC

Share:

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Strategy, the business intelligence software company founded by Michael Saylor, has grown its Bitcoin stash to 576,230 BTC after its most recent acquisition.

Its Monday announcement followed Metaplanet’s purchase, which was the second-largest in its Bitcoin-focused history.

Strategy’s latest acquisition was somewhat expected, given the company’s history of making such announcements on Monday and especially since Saylor posted another hint yesterday.

The firm’s holdings have grown by the addition of 7,390 BTC to 576,230 BTC, acquired for roughly $40 billion at an average price of just under $70,000 per bitcoin. This means that Strategy now sits on an unrealized profit of over $19 billion as BTC’s price trades at $103,000 as of press time.

The first business day of the week began with another BTC purchase announcement. Metaplanet, the largest Asia-based corporate holder of Bitcoin, said it has acquired an additional 1,004 BTC for just over $104 million. Its stash has grown to 7,800 BTC, valued at over $800 million.

Metaplanet revealed in its Q1 report that it was the best quarter in revenue in its 20-year corporate history, and the Bitcoin strategy contributed to almost 90% of that number.

The post Bitcoin Buying Monday: Strategy Joins Metaplanet by Acquiring Additional 7,390 BTC appeared first on CryptoPotato.

Read the article at CryptoPotato

In This News

Coins

$ 64.38K

+0.41%

$ 0.00736

+2.88%

$ 0.00...361

$ 14.06

$ 0.101

-1.25%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 64.38K

+0.41%

$ 0.00736

+2.88%

$ 0.00...361

$ 14.06

$ 0.101

-1.25%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

Strategy Is Selling Bitcoin Again: Bearish Warning or Bullish Opportunity?

Strategy Is Selling Bitcoin Again: Bearish Warning or Bullish Opportunity?

Strategy sold over 3,500 units over the past week - will history repeat with another ...
STRC, SATA Hit Record $10B Monthly Trading High Despite Price Drop Below Par

STRC, SATA Hit Record $10B Monthly Trading High Despite Price Drop Below Par

Record trading volumes suggest investor interest in BTC-backed preferred shares is st...