Strategy’s Latest Bitcoin Buy Is Worth Over $1.3 Billion: Details

Michael Saylor, the bitcoin brain behind Strategy’s BTC plan, announced the latest acquisition earlier today with which the company has made a return to the billions of USD.

More precisely, the NASDAQ-listed firm spent $1.34 billion to acquire 13,390 BTC at an average price of just shy of $100,000. This means that the acquisition was completed sometime in the middle of last week, when BTC last stood within a five-digit price territory.

https://twitter.com/saylor/status/1921898712801874273?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank” rel=”nofollow noopener

Recall that last week’s purchase was a lot more modest as the company had allocated $180 million to acquire 1,895 BTC. Now, though, Strategy is back with the billion-dollar buys and its stash has shot up to 568,840 BTC.

It was accumulated at an average price of $69,283 per bitcoin. Given the asset’s price explosion as of late, Strategy’s holdings are now valued at over $59 billion, putting them at an an unrealized profit of approximately $20 billion.

While Saylor’s company continues to accumulate BTC en masse and refuses to sell even a single one, here’s a detailed article on how these purchases have turned the cryptocurrency into a deflationary asset.

MSTR’s price has been on a roll in the past month, surging by over 33%. It closed on Friday at $416.

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