$BTC Bitcoin market updates:

Bitcoin price plunged as low as $93,400 on Monday, down 5% from last week’s local top of $98,200, recorded on Friday.

Strategy purchased 1,895 BTC between April 28 and May 4, the company disclosed in a regulatory filing on Monday.

The acquisition increases Strategy’s total Bitcoin holdings to 555,450 BTC, representing 2.6% of the current total supply.

The $180 million purchase was financed through recent stock sales, with Strategy selling 353,825 shares of its Class A common stock (MSTR) and 575,392 shares of its Series A preferred stock (STRK), according to the Securities and Exchange Commission (SEC) filing.

Something interesting is building up for btc and microstrategy #MarketPullback #SaylorBTCPurchase #StrategicBTCReserve