Strategy (MSTR) just announced another major Bitcoin purchase.
A prominent BTC treasury firm announced that it has purchased 13,627 Bitcoins for approximately $1.25 billion.
This is the company’s largest weekly purchase since last summer.
The acquisition took place at an average price of approximately $91,519 per Bitcoin, bringing the company’s total holdings to 687,410 BTC.
The company currently has approximately $51.8 billion invested in Bitcoin overall, with an average purchase price of approximately $75,353 per coin.
Strategy, formerly known as MicroStrategy, began accumulating Bitcoin in 2020 and now holds the world’s largest corporate Bitcoin portfolio.
Executive Chairman Michael Saylor recently confirmed that Strategy will not be delisted from the influential stock index MSCI, which had been considering banning companies with large digital assets.
Follow us on X, Facebook and Telegram
Never miss a beat – Subscribe to get email alerts delivered straight to your inbox
Check price action
Surf the Daily Hoddle Mix
 
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/eliahinsomnia/PurpleRender
