Crypto
Strategy Snaps Up 4,603 Bitcoin at $80K Each
Strategy has made a significant purchase of Bitcoin, acquiring 4,603 BTC at an average price of $80,318 per coin. This purchase brings Strategy's total Bitcoin holdings to 845,050 BTC.
The acquisition was funded through share sales, which raised $602.8 million for the company. Notably, this purchase price is above Strategy's average cost basis of $75,412 per Bitcoin.
Bitcoin's price currently hovers near $77,600, slightly below Strategy's average purchase price. Analysts are watching key support levels around $74,000 to $77,000 as the market awaits a decisive move in September.