Michael Saylor’s Strategy Buys Another $22,000,000 Worth of Bitcoin As Top Crypto Asset Tracks Sideways

The Bitcoin treasury firm Strategy (MSTR) has now stacked BTC for five weeks in a row, adding $22 million worth of the top crypto asset in the past seven days. Strategy says it accumulated 267 Bitcoin at an average purchase price of $82,900 per BTC, stretching its total holdings to 848,517 BTC. The firm added 3,199 Bitcoin in the four weeks leading up to that latest purchase, spending a total of $270 million. The recent purchase follows a summer in which Strategy controversially conducted its first Bitcoin sales since 2022. Those sales materialized under the company’s newly introduced BTC monetization program , designed to bolster Strategy’s cash reserves and support dividend payments.

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