Saylor’s Strategy Marks 5th Year With 155 BTC Buys, Total Holdings Hit 628,946 BTC

Strategy bought 155 BTC for $18M at an average price of $116,401, SEC filing shows. Total Bitcoin holdings now stand at 628,946 BTC, valued at about $46.1 billion in acquisitions. The latest buy is among the smallest in company history, far below July’s 21,021 BTC purchase. Michael Saylor’s Strategy bought another 155 Bitcoin (BTC) last week for approximately $18 million. According to an SEC filing on Monday, the company paid an average price of $116,401 per BTC. Following this latest buy, Strategy’s total Bitcoin holdings have reached 628,946 BTC. The company has now spent approximately $46.1 billion to acquire its coins, bringing its average purchase price to $73,288 per BTC. Five-Year Anniversary of Bitcoin Strategy The latest acquisition coincided with the fifth anniversary of Strategy’s Bitcoin adoption. The company began its Bitcoin treasury strategy on August 11, 2020, with an initial purchase of 21,454 BTC for $250 million. At that time, Bitcoin traded near $11,400. Over the past five years, Bitcoin’s price has risen roughly 960%, climbing from around $11,400 to nearly $120,000, according to Tradingview price charts. BTCUSD Week… The post Saylor’s Strategy Marks 5th Year With 155 BTC Buys, Total Holdings Hit 628,946 BTC appeared first on Coin Edition .

Source: Coin Edition