MicroStrategy purchased 10,645 Bitcoins for $980.3 million between Dec. 8 and 14, averaging $92,124 per BTC, according to a Monday announcement. This acquisition was financed through proceeds from at-the-market (ATM) equity offerings.
This marks the company’s biggest Bitcoin purchase since July.
This addition brings total holdings to 671,268 BTC
The latest purchase is a tad bigger than the 10,624 BTC (about $963 million worth) that Strategy purchased between Dec. 1 and 7.
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Despite the mammoth Bitcoin buy conducted by Strategy, the price of Bitcoin remains below the psychologically important $90,000 level.
Could Strategy sell Bitcoin?
As reported by U.Today, CEO Fong Lee did not rule out selling some of Strategy’s Bitcoin holdings if there is a prolonged crypto winter.
Lee noted that Bitcoin remains a core part of Strategy’s long-term plan.
However, Lee has also noted that Bitcoin remains a core part of Strategy’s long-term plan.
Source: https://u.today/breaking-strategy-announces-biggest-bitcoin-purchase-since-july