finance
Strategy Buys 520 Bitcoin for $35 Million
Strategy purchased 520 bitcoin at an average price of $67,068, adding to its holdings. The acquisition brings total bitcoin reserves to 847,363 coins valued near $54.8 billion.
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Strategy acquired 520 bitcoin for $35 million at an average price of $67,068. The purchase increases the company's total bitcoin holdings to 847,363 coins.
The bitcoin position is now valued at approximately $54.8 billion. U.S. dollar reserves also rose to $1.4 billion.
Saylor announced the transaction on social media.
The company has continued adding to its bitcoin position through multiple purchases.
“Michael Saylor announces Strategy bought 520 more bitcoin for $35 million, now holds 847,363 BTC.”
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