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Michael Saylor’s Strategy Buys 855 BTC as Bitcoin Dips Below $75,000
Strategy disclosed a fresh Bitcoin purchase after prices briefly fell below $75,000 over the weekend, bringing the company back to buying near its long-term cost basis. According to a filing with the US Securities and Exchange Commission, the company acquired 855 bitcoin last week for $75.3 million, paying an average price of $87,974 per coin. The purchase came during a volatile stretch for bitcoin. Prices began the week above $87,700, climbed toward $90,000, and then dropped sharply on Sunday before stabilizing just above $77,000. That move briefly pushed bitcoin below Strategy’s average acquisition price for the ... (full story)
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