$BTC Strategy added $740M of Bitcoin as price surged past $122K
Michael Saylor’s Strategy made a fresh $739.8 million investment in Bitcoin last week, with total holdings now reaching 607,770 BTC.
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time last Monday.
Strategy acquired 6,220 Bitcoin
$118,299
for $739.8 million during the week ending Sunday, July 20, according to a US Securities and Exchange Commission filing on Monday.
Strategy’s new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according to CoinGecko
The acquisition has increased Strategy’s Bitcoin holdings to 607,770 BTC, purchased for about $43.6 billion at an average price of $71,756 per coin.
Strategy exec sells another 10,900 MSTR
Prior to announcing its latest Bitcoin acquisition, Strategy submitted a filing to the SEC on proposed sales of securities last Monday.
According to the filing, Strategy’s senior executive vice president Wei-Ming Shao sold another 10,900 Strategy (MSTR) shares worth around $4.9 million.
The latest sale extended the $25.7 million MSTR sale by the same executive in the previous week.#BTCvsETH #CryptoMarket4T .
