"Strategic" buys Bitcoin for $2.46 billion in its third largest deal in history

In a new move that solidifies its position as the largest institutional buyer of Bitcoin, American billionaire Michael Saylor announced that his company "Strategic" purchased over 21,000 Bitcoin in a single week, valued at more than $2.46 billion.

The purchases were made between July 28 and August 3, at an average price of $117,526 per coin, which is the second highest price the company has paid since it began investing in Bitcoin and the third highest purchase deal in a week in the last 5 years. With this deal, the company's total holdings increased to 628,791 Bitcoin, estimated to have a market value of over $71 billion, according to Bloomberg.

Thanks to a continuous influx of stock offerings and debt deals, Saylor has transformed his enterprise software company into the leading company in Bitcoin purchases. #BTCBreaksATH #ETHRally $BTC