#CPIWatch The total value of Bitcoin held by Michael Saylor’s Strategy has surpassed $73 billion as the cryptocurrency treasury company resumed purchases of the digital asset with prices at an all-time high.
The former MicroStrategy Inc. bought 4,225 Bitcoin tokens for $472 million at an average price of $111,827 during the seven days ended July 13, according to a filing with the U.S. Securities and Exchange Commission on Monday.
The purchase, the latest in a series of almost weekly acquisitions of the cryptocurrency, increased the Tysons Corner, Virginia-based firm’s holdings of the digital asset to around $73 billion, or around 2.8% of all the 21 million tokens that will ever be minted. Strategy is the largest corporate owner of Bitcoin and boasts a market capitalization of more than $121 billion.$BTC
