Michael Saylor’s Strategy Makes Sizeable Bitcoin Buy, Adding $82,000,000 Worth of BTC Amid Top Crypto Asset’s Price Slide

Michael Saylor’s Bitcoin treasury firm, Strategy (MSTR), stacked $82 million worth of BTC in the past week. The company bought 1,036 Bitcoin at an average purchase price of $79,012 per coin, stretching its total holdings to 850,364 BTC. Strategy resumed Bitcoin purchases in late August after spending the summer conducting its first Bitcoin sales since 2022. Those sales, which generated controversy across the crypto sector, materialized under the company’s newly introduced BTC monetization program , designed to bolster Strategy’s cash reserves and support dividend payments. The summer’s sales marked a dramatic shift in tone for the firm after Saylor, Strategy’s chairman, spent years encouraging investors to “never sell” their BTC. Now, however, Saylor maintains that vocal never-sell approach was just in reference to his personal wallet.

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