Saylor's Strategy Buys $26 Million in Bitcoin Despite Price Drop Due to Geopolitical Concerns
Michael Saylor's Strategy company buys $26 million in Bitcoin despite price drops due to geopolitical tensions
Strategy, the largest public investor in Bitcoin in the world led by Michael Saylor, revealed its latest purchases of the digital currency as Bitcoin's price fell in response to rising geopolitical concerns last week.
The company bought 245 Bitcoin
103,341 $USD1
for $26 million during the week ending on Sunday, according to a disclosure submitted to the U.S. Securities and Exchange Commission (SEC) on Monday.
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The average cost of Bitcoin in this latest transaction was $105,856, while the Bitcoin price dropped from about $108,900 on June 16 to a weekly low of below $99,000, according to CoinGecko data. $XRP