Strategy Stacks Another 155 BTC For $18 Million On Fifth Anniversary Of Its Groundbreaking Bitcoin Gamble
Main Idea
Strategy (formerly MicroStrategy) has purchased an additional 155 Bitcoin for $18 million, bringing its total holdings to 628,946 BTC, worth over $75 billion, as part of its long-term Bitcoin investment strategy.
Key Points
1. Strategy bought 155 Bitcoin for approximately $18 million at an average price of $116,401 per coin.
2. The company now holds 628,946 BTC, valued at over $75 billion, representing roughly 3% of Bitcoin's total supply.
3. Strategy has spent a total of $46 billion acquiring Bitcoin at an average price of $73,288 since August 11, 2020.
4. Bitcoin's price has surged over 950% since Strategy's first purchase, from around $11,400 to approximately $119,483.
5. Strategy co-founder Michael Saylor remains bullish on Bitcoin, predicting it could reach $21 million in the next 21 years.
Description
Strategy announced Monday that it bought an additional 155 Bitcoin for approximately $18 million at an average price of $116,401 per coin.
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