🚨 Crazy Shopping! A Giant Spends $1.4 Billion to Buy Bitcoin, Holding Exceeds 550,000 Coins!
Recently, a giant in the crypto market has once again made a move, investing a whopping $1.4 billion to acquire 15,355 Bitcoins, bringing its total holdings to an astonishing 553,555 coins, becoming one of the richest players in Bitcoin globally!
This acquisition took place between April 21 and 27, with an average purchase price of $92,737 per coin. This funding is not idle cash but rather obtained through stock financing, showcasing the company's strong confidence in betting on the rise of Bitcoin.
As of now, the price of Bitcoin has soared to about $95,300, making its Bitcoin investment a floating profit of up to $15 billion, compared to the average purchase price of $68,459, yielding an extraordinary return.
It is noteworthy that this is the company's third consecutive week of increasing its Bitcoin holdings. Just in the previous week, they added 6,556 coins, indicating that they are continuously making significant investments.
The company's founder has recently hinted on social media about a possible "big move," and indeed, a new wave of acquisitions followed, reigniting market sentiment.
Meanwhile, the company's stock has also risen in tandem, up 1.6% in pre-market trading, following a 5% increase in the previous trading day, suggesting that the market is fully backing this "all-in Bitcoin strategy."