Business intelligence firm Strategy (formerly known as MicroStrategy) purchased an additional 7,633 Bitcoins (BTC) last week for roughly $742 million, according to a Monday announcement.
This time, the company’s average purchasing price was $97,255.
As reported by U.Today, MicroStrategy ended its 12-week streak of consecutive purchases in early February ahead of its earnings report.
Last week, the company went through a major rebranding by changing its name and unveiling a new logo that now prominently features a stylized “B” letter.
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The move was meant to showcase the company’s focus on its Bitcoin strategy.
The largest corporate Bitcoin holder now owns a total of 478,740 BTC following the most recent purchase.
Source: https://u.today/strategy-buys-more-than-7000-bitcoins