Key Takeaways
- MicroStrategy acquired 525 more Bitcoin for $60million.
- The average purchase price was around $111,000 per BTC.
Strategy acquired 525 Bitcoin for around $60 million, according to a new SEC filing.
The acquisition continues the company’s strategy of accumulating Bitcoin under the leadership of Michael Saylor. The purchase price indicates an average cost of $111,196 per Bitcoin.
Strategy has been one of the most prominent corporate adopters of Bitcoin as a treasury reserve asset. The company began its Bitcoin acquisition strategy in 2020 and has made multiple purchases since then.
Source: https://cryptobriefing.com/microstrategy-acquires-525-btc-for-60-4m/