Saylor's Strategy Acquired an Additional 4,225 BTC Prior to Bitcoin's Price Surge: An Overview

Michael Saylor's Bitcoin-focused venture, Strategy, has amassed another hefty acquisition of 4,225 BTC, costing $472.5 million. This move comes ahead of a significant surge in Bitcoin's value, leading to an impressive unrealized profit for the company of around $30 billion. Strategy has invested $42.87 billion to secure its current portfolio of 601,550 bitcoins, bought at an average price per unit of $71,268. The latest Bitcoin value ($121,500) places Strategy's total fortune at over $73 billion. The timing of the purchase suggests it was completed mid-last week when Bitcoin was valued at around $112,000. Saylor had previously hinted at this acquisition, which follows a surprising lack of purchases the previous week, given the company's history of regular acquisitions.