The company carried out its latest bitcoin purchase at relatively high price levels, even as the asset dropped sharply midweek.
The world’s largest corporate holder of Bitcoin remains undeterred by ongoing geopolitical tensions in the Middle East, continuing its pattern of announcing new acquisitions every Monday.
According to figures shared by Michael Saylor, the latest purchase was made during the early part of the previous business week at an average price of 74,326 dollars. Bitcoin had been trading above 74,000 dollars by Wednesday morning before experiencing a sharp decline around the time of the second Federal Open Market Committee meeting of the year.
Despite the market downturn, MicroStrategy, now operating as Strategy, increased its total holdings to 762,099 BTC after acquiring an additional 1,031 BTC for 76.6 million dollars. The company has spent approximately 57.69 billion dollars in total to build its bitcoin position.
This latest purchase is notably smaller than the one announced the previous week, when the firm revealed it had spent 1.57 billion dollars to acquire 22,337 BTC.
Even with continued accumulation, the company remains in a significant unrealized loss position due to bitcoin’s recent decline below 70,000 dollars. This follows a brief rally toward 71,500 dollars, which came after comments from Donald Trump regarding the situation in Iran, before prices moved lower again.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
