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Bitcoin price traded around $93,000 on Monday after Strategy disclosed it acquired 8,178 BTC for approximately $835.6 million over the past week, its largest buy since mid-summer.
According to an SEC filing and a Michael Saylor post on X, the purchases were made at an average price of $102,171 per bitcoin. The company now holds 649,870 BTC acquired for roughly $48.37 billion at an average cost of $74,433 per coin. Strategy said its bitcoin yield has reached 27.8% year-to-date.
At the time of the announcement, Bitcoin was trading near $94,000 and Strategy’s stock ($MSTR) was trading down 2% at $195.86 in premarket trading.
The acquisition was funded primarily through…
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