#SaylorBTCPurchase Michael Saylor, co-founder and CEO of Strategy.

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Strategy bought 26 million dollars in Bitcoin in the last seven days, the second lowest weekly acquisition announced by the digital asset treasury company led by Michael Saylor since it increased its cryptocurrency purchases more than six months ago.

The company, previously known as MicroStrategy Inc., acquired 245 bitcoins between June 16 and 22 at an average price of 105,856 dollars each, according to a report filed on Monday with the United States Securities and Exchange Commission (SEC). Although Strategy has not made purchases for a few weeks, this was the smallest amount acquired since it bought 130 tokens during the period ending March 17. The company, headquartered in Tysons Corner, Virginia, holds approximately 60 billion dollars in bitcoins.

This is also the fourth consecutive week that Strategy finances its Bitcoin purchases without selling common shares. Skeptics of Saylor's strategy, such as short seller Jim Chanos, have expressed concern about the high premium that common shares represent over the value of their holdings in tokens.

The latest acquisitions were made with the net proceeds from the sale of the company's preferred shares Strike (STRK) and Strife (STRF). Saylor is co-founder and executive chairman of Strategy.

Strategy's shares have risen more than 3000% since the enterprise software maker began buying Bitcoin in mid-2020. Bitcoin gained about 1000% during the same period. The stock remained virtually unchanged on Monday, around 368.35 dollars.#BinanceAlphaAlert #MarketRebound #NEWTBinanceHODLer $BTC