Michael Saylor’s Strategy Buys $217M Bitcoin As Price Holds Firm

Michael Saylor’s Strategy Buys $217M Bitcoin As Price Holds Firm
Saylor's Strategy Does Not Aim To Influence Bitcoin's Price

Michael Sailor’s strategy, the world’s largest carrier in Bitcoin, continued to accumulate the cryptocurrency with the high price of BTC last week.

The strategy received 1955 Bitcoin (BTC) for $ 217.4 million between September 2 and 7, According to To Tuesday, the Securities and Stock Exchange Committee presented.

The purchase was performed at an average price of $ 111,196 per currency, as the cryptocurrency raised for a short period above $ 113,000 last Friday before sliding to about $ 110,000, According to To Coingecko.

With the new acquisition, the total Bitcoin’s total wives of the strategy reached 638,460 BTC from Sunday, purchased for about $ 47.2 billion and an average price of $ 73,880 per BTC.

Bitcoin’s latest purchase of the strategy follows a series of purchases in August, with a total of about 7,714 BTC for this month.

The company’s BTC’s purchase last month was much smaller than previous purchases, including a huge acquisition of 31466 BTC in July and 17,075 BTC in June.

Excerpt from the strategy 8-k. Source: again

A newer purchase was performed using three -stock -stocking stock offers (ATM) for strategy, including preferred stocks in the Series A Perpetual Street (STRF), and the preferred ASTRK and MSTR chain.

magazine: Bitcoin “less than 50 thousand dollars” may drown in Bear, Justin Sun’s WLFI SAGA: Hodler’s Digest, August 31 – September 6

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