#SaylorStrategy
largest public Bitcoin investor, disclosed its latest BTC purchases as the cryptocurrency slid in response to escalating geopolitical fears last week.
Strategy acquired 245 Bitcoin
$105,197
for $26 million during the week ending Sunday, the company announced in a US Securities and Exchange Commission filing on Monday.
The cost of Strategy’s latest Bitcoin haul averaged $105,856 per coin, with Bitcoin plummeting from about $108,900 on June 16 to an intraweek low of just below $99,000, according to CoinGecko data.
Israel, Bitcoin Price, Iran, United States, MicroStrategy, Michael Saylor, Companies
An excerpt from Strategy’s Form 8-K. Source: SEC
Its recent purchases, including a $1 billion Bitcoin buy, have boosted the company’s holdings to 592,345 BTC bought for about $41.9 billion at an average price of $70,681 per coin.
Only buying the top?
The latest purchase is one of Strategy’s smallest buys in recent months. It is the smallest since March, when the firm bought 130 BTC for $10.7 million.
Like the March transaction, last week’s purchase came during a price pullback, prompting some observers to question why the company didn’t buy more at lower prices.
