coinjournal.net
- Strategy, formerly MicroStrategy, has announced the purchase of another 7,633 Bitcoin ($BTC).
- The company spent $742.4 million to bring its total investment to $31.1 billion and 478,740 $BTC.
Strategy, formerly MicroStrategy, has added more than $742 million worth of Bitcoin ($BTC) to its holdings.
The publicly-traded company’s founder and executive chairman Michael Saylor announced on Monday, Feb. 10 that Strategy had acquired 7,633 bitcoin. Strategy spent approximately $742.4 million to buy the new $BTC haul, with each coin scooped at the average purchase price of $97,255 per bitcoin.
Strategy resumes $BTC purchases
After a slight pause in its buying spree and undertaking a brand overhaul, the company is back to its super bullish ways. The 7,633 $BTC brings Strategy’s total bitcoin holdings as of February 9, 2025 to 478,740 $BTC.
The world’s largest corporate holder of Bitcoin has spent about $31.1 billion to stack the flagship digital asset, acquiring these at the average price of $65,033 per $BTC.
Strategy has raised funds from share offerings, with the target being billions of dollars. Despite its fourth-quarter results showing a net loss of $3.03 per share, the company has doubled down on its investment and strategy.
Bitcoin rose to an all-time high above $109k on January 20, 2025, this coming as the crypto market celebrated Donald Trump’s inauguration.
While the price has struggled since and hovered below $98k on Feb. 10, analysts are bullish. Saylor’s prediction isthat $BTC could hit the $13 million mark by 2045. Other forecasts have short term projections of $200k in 2025.