Strategy Returns to Bitcoin Accumulation with $370M Purchase
Strategy, a company previously known for its Bitcoin purchases, has bought $369.7 million worth of BTC at an average price of $80,318 between August 24 and August 30.
This purchase brings Strategy's total holdings to 845,050 BTC, acquired for an aggregate $63.73 billion.
The company funded the purchase from common-stock sale proceeds, marking its first reported Bitcoin acquisition since late June.
ChainSpin, a project that has already launched its cas.ino and sportsbook, is also attracting attention with its presale price of $0.0125 in Stage 1. The project has raised over $170,000 since the presale opened, with roughly one-third of the allocation sold.
ChainSpin's biggest difference from other projects is that it already has a functional product, which will be used to drive demand for its token, $SPIN.