Strategy Makes $835 Million Bitcoin Bet, Its Largest Since July
19 Articles
19 Articles
Bitcoin reached below $90,000, reaching a minimum intraday of $89,589.51, at its weakest level since April, before slightly bouncing off. The movement takes place after several weeks of irregular negotiation and after MicroStrategy Incorporated, through its Strategy vehicle, revealed the purchase of 8,178 Bitcoin between 10 and 16 November for a total of $835.6 million. At 22:45 hours ET, the cryptocurrency was changed around $90,688.15, with a …
Saylor Buys The Crash: Strategy Drops $835 Mil On Bitcoin
Strategy has just revealed its latest Bitcoin buy, its largest in a while and an indication that the price crash hasn’t scared away the BTC hoarder. Strategy Has Acquired Another 8,178 Bitcoin In a new post on X, Strategy Chairman Michael Saylor has announced the latest BTC acquisition made by the company. As is usually the case, the Monday announcement was preceded by a Sunday post with the company’s Bitcoin portfolio tracker, this time with th…
Buying the Dip? MicroStrategy Buys 8,175 Bitcoin in $836M Deal
MicroStrategy could be buying the dip. Today, executive chairman Michael Saylor announced the company's biggest Bitcoin acquisition since July. In total, the corporate Bitcoin giant acquired 8,175 BTC for the cost of $836 million. The company now owns a total of 649,870 $BTC,
Strategy adds $835M in Bitcoin even as BTC price continues decline
Strategy acquired 8,178 BTC for $835 million, bringing total holdings to 649,870 BTC. The firm’s Bitcoin stash is now worth $61.7 billion, with $13.3 billion in unrealised gains. CEO Michael Saylor dismissed rumours of BTC sales, reaffirming Strategy’s “buy-and-hold” stance. The world’s largest corporate holder of Bitcoin, Strategy, has resumed aggressive accumulation of the cryptocurrency with a purchase worth $835 million, even as prices rem…
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