#SaylorBTCPurchase Saylor Deepens: $555M Bitcoin Buy Revives Strategy
Strategy, formerly MicroStrategy, bought 6,556 Bitcoin for $555.8 million. The corporation bought the Bitcoin for $84,785 per coin between April 14 and 20. The current move brings the company's Bitcoin to 538,200.
Company Has Over $36 Billion Bitcoin
Strategy spent $36.47 billion on Bitcoin reserves at $67,766 each, according to corporate disclosures. It has more Bitcoins than MARA Holdings, the next biggest public firm.
Strategy purchased Bitcoin again this week. Over $280 million was spent for roughly 3,460 BTC two weeks ago. The company's Bitcoin return since January is 12%.
Strategy Wants $20 Billion For More Buying
It seems the company will keep purchasing Bitcoin. Strategy aims to sell over $20 billion in shares to fund Bitcoin purchases, sources said. Even while Bitcoin has performed flatly in recent months, enthusiastic purchasing continues.