MicroStrategy, recently renamed Strategy, has returned to its strategy of acquiring Bitcoin, making a $742.4 million purchase. This marks its first major acquisition since the name change. Despite being slightly less than recent purchases, the company shows no signs of halting its buying spree, aiming to become a leading Bitcoin holder.
The purchase of 7,633 BTC was announced by Michael Saylor, and it reflects Strategy's commitment to continue acquiring BTC regularly. The company's holdings now total 478,740 BTC, acquired at an average of $65,033 each, amounting to approximately $31.1 billion.
BlackRock's significant acquisition of Strategy shares indicates strong support for the company's Bitcoin-centric approach. Strategy's enduring buying strategy aligns with its goals, despite stable Bitcoin prices.
Source : fr.beincrypto.com ↗