Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC

The world’s largest corporate holder of bitcoin continues with its BTC accumulation strategy, this time with a relatively modest purchase.

Announced just minutes ago, Michael Saylor’s brainchild has spent $75.1 million to acquire 705 BTC at an average price of $106,495 per bitcoin.

This week’s announcement is a lot smaller than almost all made since the US elections at the end of last year. Since then, the company has made countless purchases, many of which were in the billions of dollars.

Nevertheless, Strategy’s stash continues to increase and is now at 580,955 BTC, bought for $40.68 billion or an average price of just over $70,000 per BTC. This means that the current value of the holdings is well above $60 billion, given today’s bitcoin prices (or a paper gain of around $40 billion).

Earlier today, another big BTC accumulator, Metaplanet, announced its latest acquisition, which was even bigger than that of Strategy.

The post Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC appeared first on CryptoPotato.

​The company now owns 580,955 BTC. BTCEUR, BTCGBP, BTCUSD, BTCUSDT, Crypto News, featured1, Bitcoin, Michael Saylor, MicroStrategy CryptoPotato

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