#SaylorBTCPurchase #SaylorBTCPurchase #SaylorBTCPurchase Michael Saylor's strategy bought $1.9 billion in Bitcoin, the largest cryptocurrency acquisition in terms of tokens by the firm this year.
The purchase, the latest in a series of nearly weekly acquisitions of the cryptocurrency since late October, increased the digital asset holdings of the dot-com software maker, turned leveraged proxy of Bitcoin, to approximately $43.4 billion. This represents approximately 2.5% of the 21 million tokens that will be issued.
The former MicroStrategy bought 22,048 Bitcoin at an average price of approximately $86,969 from March 24 to 30, according to a filing with the U.S. Securities and Exchange Commission on Monday.
In the first quarter, the Tysons Corner, Virginia-based company invested $7.79 billion in Bitcoin, according to data compiled by Bloomberg. The next largest purchase, in terms of tokens, was 20,356, announced on February 24. Strategy announced nine purchases during the first quarter.