Michael Saylor recently hinted on X, where he has surpassed 5 million followers, about a new Bitcoin purchase. The move comes after a period of extremely large acquisitions by his company.
The firm, widely known as the largest corporate holder of Bitcoin, has recently scaled back from billion dollar purchases and instead added a smaller tranche worth about 255 million dollars, totaling 3,273 BTC.
Bitcoin Holdings Continue to Grow
With this latest addition, the company’s total Bitcoin holdings have increased to 818,334 BTC. These assets were accumulated at an average purchase price of 75,537 dollars per coin, bringing total acquisition costs to approximately 61.81 billion dollars.
Given Bitcoin’s recent price increase, the company’s position is now in profit. With BTC trading near 78,000 dollars, the value of its holdings has risen to more than 63.7 billion dollars.
Debate Over Strategy’s Crypto Approach
Some of the company’s financial tools designed to support continued Bitcoin accumulation, including STRC, have drawn criticism. Notably, outspoken Bitcoin critic Peter Schiff has described these structures as resembling Ponzi schemes.
Meanwhile, the company’s main equity, MSTR, experienced strong price movement last week. It briefly climbed above 180 dollars before pulling back and closing around 171 dollars on Friday.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
