news.bitcoin.com
On Monday, building on the Strategy founder’s tease from the day before—when he declared “Unstoppable Orange”—Michael Saylor disclosed that the firm had picked up 2,932 bitcoin.
Already the largest bitcoin treasury company by $BTC carried on its balance sheet, Strategy has again expanded its bitcoin holdings. Saylor shared the update Monday morning at 8 a.m., saying, “Strategy has acquired 2,932 $BTC for $264.1 million at $90,061 per bitcoin.” He added that as of this week, the company now holds a total of 712,647 bitcoin, accumulated for $54.19 billion at an average price of $76,037 per unit.
Once again, the $90,061 purchase price per bitcoin sits above Monday’s exchange rate of $87,650 per $BTC. Even so, the $87,000 level remains well above the firm’s average acquisition cost of $76,037. The latest purchase reinforces Strategy’s methodical approach to expanding its bitcoin position, even when acquisition prices sit above spot levels. With an average cost still well below current market territory, the firm’s balance sheet reflects a long-term orientation rather than short-term timing.
FAQ ❓
- How much bitcoin did Strategy buy this week? Strategy acquired 2,932 bitcoin in a purchase disclosed by Michael Saylor on Monday.
- What price did Strategy pay per bitcoin? The firm paid an average price of $90,061 per bitcoin, totaling $264.1 million.
- How much bitcoin does Strategy hold now? As of this week, Strategy holds 712,647 bitcoin on its balance sheet.
- Why did Strategy buy bitcoin above market price? The company continues to prioritize long-term accumulation over short-term price movements.