Strategy's Michael Saylor signals impending Bitcoin purchase
0
0
The company has completed 105 Bitcoin transactions since 2020 and is playing contrarian as it continues accumulating BTC via corporate debt and equity financing
Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, signaled that the company is acquiring more BTC, as the price retreated from the local high of over $73,000 reached this week.
“Think bigger,” Saylor said on Sunday, while sharing the chart of Strategy’s BTC purchase history that has become synonymous with imminent BTC acquisitions.
Strategy’s most recent BTC purchase was April 6, when it bought 4,871 coins for more than $329.8 million, bringing its total holdings to 766,970 BTC, valued at about $54.5 billion using market prices at the time of publication, according to the company.
The Tysons Corners, Virginia-based company continues accumulating BTC, even amid a bear market that pushed Bitcoin’s price down to two-year lows, putting Strategy’s BTC treasury underwater.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0
0
0