Strategy Acquires Additional 3,015 BTC for Over $200 Million
Michael Saylor's firm, Strategy, has continued its aggressive Bitcoin buying spree, shelling out over $200 million to acquire an additional 3,015 BTC. This latest transaction brings the company's total stash to 720,737 BTC, with the average cost of the purchase being around $67,700 per bitcoin.
The acquisition was made at a time when the cryptocurrency market is experiencing some volatility, with Bitcoin's price trading at around $66,000 as of press time. Despite this, Strategy's fortune remains substantial, with its net worth estimated to be around $47.5 billion, although this represents an unrealized net loss of over $7 billion.