BTC Hits $124K, Strategy Invests $51M Before Dip

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Strategy bought $51.4 million in Bitcoin last week as BTC surged to all-time highs above $124,000 on Wednesday, only to dip to $115,000 on Sunday.

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more BTC to its balance as the price swung to new all-time highs before retreating last week.

Strategy acquired 430 Bitcoin for $51.4 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday.

The new Bitcoin batch cost the company an average price of $119,666 per coin, reflecting the massive volatility last week, with BTC trading at about $120,000 on Monday and slipping to as low as $115,000 on Sunday.

The acquisition moved Strategy’s Bitcoin holdings to 629,376 BTC, purchased for about $46.15 billion at an average price of $73,320 per coin.


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