Michael Saylor’s Strategy buys the Bitcoin dip, adds 4,048 BTC

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CoinJournal
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  • The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.
  • Following the latest acquisition, Strategy’s total Bitcoin holdings rose to 636,505 BTC.
  • The company’s latest purchase follows a series of smaller acquisitions in August.

Strategy, the world’s largest public company holding Bitcoin, led by Michael Saylor, disclosed in a US Securities and Exchange Commission filing on Tuesday that it purchased 4,048 Bitcoin between August 25 and September 1.

The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.

According to CoinGecko data cited in the filing, the purchases were made as Bitcoin prices briefly climbed above $113,000 before dropping below $108,000 last Friday.

Strategy’s BTC bet

Following the latest acquisition, Strategy’s total Bitcoin holdings rose to 636,505 BTC.

The company has acquired its reserves for approximately $46.95 billion,...

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