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Michael Saylor’s Strategy bought 24,869 Bitcoin for $2.01 billion last week, lifting holdings to 843,738 BTC as STRC sales funded around 97% of the acquisition.
Key facts
Michael Saylor’s Strategy bought 24,869 Bitcoin for $2.01 billion last week, lifting holdings to 843,738 BTC as STRC sales funded around 97% of the acquisition
Strategy acquired 24,869 Bitcoin (BTC) for $2.01 billion between May 11 and 17, according Monday's 8-K filing with the US Securities and Exchange Commission
The purchases were made at an average price of $80,985 per BTC, raising Strategy’s cost basis to $75,700
According to the SEC filing, Strategy raised roughly $1.95 billion from the sale of about 19.5 million STRC shares
Summary
Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, made another massive BTC acquisition last week as the crypto asset hovered around $80,000. Strategy acquired 24,869 Bitcoin (BTC) for $2.01 billion between May 11 and 17, according Monday's 8-K filing with the US Securities and Exchange Commission. The purchases were made at an average price of $80,985 per BTC, raising Strategy’s cost basis to $75,700. The company now holds 843,738 BTC, acquired for about $63.87 billion.