Michael Saylor’s Strategy Buys the Dip, Acquiring $66,000,000 Worth of Bitcoin (BTC) in the Past Week

Bitcoin’s price dipped over the past week, but the BTC treasury firm Strategy (MSTR) still opted to buy $66 million worth of the top crypto asset. Strategy says it accumulated 811 Bitcoin at an average purchase price of $80,846 per BTC, stretching its total holdings to 849,327 BTC. The firm didn’t add or sell any Bitcoin the week before, but it did stack a total of 3,466 BTC worth $292 million across five consecutive weeks stretching from September to October. The recent purchases follow 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.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Daily Hodl.