Strategy (MSTR) Spends $1.57 Billion To Buy 22,337 Bitcoin

Strategy, the bitcoin treasury company led by executive chairman Michael Saylor, purchased another 22,337 bitcoin for about $1.57 billion last week, continuing one of the largest corporate accumulation strategies in the crypto market.

The company disclosed in a filing with the U.S. Securities and Exchange Commission that the purchases took place between March 9 and March 13 at an average price of $70,194 per coin. The acquisition brings the firm’s total holdings to 761,068 bitcoin.

Strategy said its cumulative bitcoin holdings were acquired for roughly $57.61 billion at an average price of about $75,696 per coin. At the current price near $74,000, the company’s holdings carry a…

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