Strategy ($MSTR) Bought 855 More Bitcoin Before Price Crash

Strategy (MSTR) added 855 bitcoin to its balance sheet for approximately $75.3 million last week, paying an average price of $87,974 per BTC, according to a filing published Monday.

The purchase came just days before bitcoin’s sharp sell-off, which briefly pushed prices below $75,000 over the weekend. Despite the timing, the acquisition represents a relatively small addition for the company, which has routinely purchased hundreds of millions — or even billions — of dollars’ worth of bitcoin in recent weeks.

Led by Executive Chairman Michael Saylor, Strategy now holds a total of 713,502 BTC, acquired for roughly $54.26 billion at an average price of $76,052 per… Read more on BitcoinMagazine

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