Strategy Acquires Another 4,603 BTC Worth $369.7 Million

Strategy, led by Michael Saylor, has made another significant bitcoin acquisition. The company bought 4,603 BTC for approximately $369.7 million between August 24 and August 30 at an average price of $80,318 per bitcoin.

This purchase brings Strategy's total holdings to 845,050 BTC, worth around $66.1 billion, with an average price of $75,412 per bitcoin. The cost of these acquisitions is approximately $63.73 billion, including fees and expenses.

Strategy's new holdings are equivalent to more than 4% of bitcoin's 21 million supply cap and imply around $2.34 billion of paper profits at current prices above $78,000.