'Strategy' Inc., formerly known as 'MicroStrategy', announced a new acquisition of Bitcoin worth $180.3 million, through which it added 1,895 Bitcoin to its portfolio, raising the total holding to 555,450 Bitcoin.
Michael Saylor, the co-founder and former CEO of the company, hinted at this move on Sunday through a post that included a chart from 'saylortracker', indicating a decrease in the number of 'orange dots' representing the company's previous Bitcoin purchases, symbolically suggesting the proximity of a new purchase.
Although this recent deal is modest compared to the last purchase that amounted to $1.4 billion, it reaffirms 'Strategy's' ongoing commitment to its long-term approach to accumulating and gathering Bitcoin, a strategy the company has maintained for years and saw a notable acceleration following the recent U.S. elections.
According to current data, the average cost of purchasing Bitcoin for 'Strategy' was about $68,550 per coin, meaning that the company’s total expenditure on these assets reached $38.08 billion.
With Bitcoin currently trading near the $94,000 level, the unrealized profits are approaching $14 billion.
