Strategy Boosts Bitcoin Holdings with Another $75.7 Million Purchase
Strategy's aggressive Bitcoin buying spree continues as it acquired an additional 950 BTC last week. The purchase was made at an average price of $79,670 per Bitcoin and added to its existing holdings of 846,000 BTC.
The total value of the company's Bitcoin holdings now stands at $63.80 billion, with an average acquisition price of $75,416 per Bitcoin.
Strategy acquired the additional 950 BTC between September 14 and September 20 for a total of $75.7 million in cash. The purchase was made above the company's aggregate average cost, which means every incremental acquisition at current levels nudges that blended cost basis higher.