Michael Saylor’s company Strategy has revealed another major Bitcoin purchase.
Strategy, recognized as the largest corporate holder of Bitcoin in the world, announced that it recently acquired Bitcoin valued at about $1.28 billion.
The company purchased 17,994 BTC at an average price of $70,946 per coin. This large acquisition may have contributed to the price surge observed in the market last week.
Following this latest purchase, Strategy’s total Bitcoin holdings have reached 738,731 BTC. The company accumulated this amount at a total cost of roughly $56 billion, with an average purchase price of $75,862 per Bitcoin.
Opinions within the industry remain divided regarding the company’s strategy. Some analysts and market observers have criticized the approach of relying on company shares to fund large scale Bitcoin purchases.
Despite the aggressive accumulation strategy, Strategy is currently facing an unrealized loss of around $6 billion as Bitcoin prices experienced significant volatility today.#crypto#cryptonews https://t.me/coinsignalpublic https://coinsignals.net
