INSATIABLE! #strategy unlocks another giant purchase of $740 MILLION in Bitcoin, raising its treasure to over 607,000 BTC
Strategy, the main "hodler" corporate of #bitcoin publicly traded, has once again shaken the market with a new and massive purchase. The company announced that it acquired 6,220 Bitcoins for a value of $739.8 million in cash. This purchase was made at an average price of $118,940 per Bitcoin between July 14 and July 20, extending its already legendary weekly accumulation campaign.
The latest acquisition, revealed in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), raises Strategy's total Bitcoin holdings to the impressive figure of 607,770 #BTC
The company's total investment in Bitcoin amounts to approximately $43.61 billion, with an average purchase price of $71,756 per coin.
As of July 21, these holdings imply paper gains of around $28.1 billion, underscoring the profitability of Strategy's bold investment strategy in Bitcoin.