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Home/News/Strategy buys 1,587 Bitcoin for $100M, total holdings reach 846,842 BTC
Cointelegraph·7h ago·positive

Strategy buys 1,587 Bitcoin for $100M, total holdings reach 846,842 BTC

Michael Saylor's Strategy bought 1,587 Bitcoin for $100 million at $63,024 per coin, bringing its total holdings to 846,842 BTC worth roughly $56 billion.

  • Strategy acquired 1,587 BTC between June 8 and June 14 at an average price of $63,024 per coin
  • Total holdings now stand at 846,842 Bitcoin, worth about $56 billion at current prices
  • The purchase was funded by selling 1.73 million MSTR shares, raising $209 million
  • Strategy's average cost basis dropped slightly to $75,656 per Bitcoin
  • The buy comes two weeks after Strategy sold 32 BTC, its first Bitcoin sale in years
marketpeopleImpact 7/10
Why our editor rated this positive

The world's largest public Bitcoin holder continues accumulating at a discount to its average cost basis, signaling institutional confidence in Bitcoin's long-term value despite the current bear market.

Read the full story at Cointelegraph

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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