A strategy led by ardent growth supporter Michael Saylor is resuming its multi-year weekly Bitcoin purchases after a one-week break. The company continued its weekly Bitcoin purchases ($BTC), which it announced every Monday. This week, the company reported buying 4,871 $BTC at an average price of about $67,718, or approximately $329.9 million. As a result of this purchase, the number of $BTC owned by the company increased to 766,970 $BTC, worth $58.02 billion. The company Strategy is expected to continue its purchases this week. According to information from BitcoinTreasury, Strategy plans to acquire another 8,000 bitcoins next week. According to information from the platform, funds from the issuance of Strategy’s preferred shares (STRC) are expected to finance the purchase of 8,000 $BTC this week. However, this figure is only a rough estimate, and whether Strategy will actually buy them, and in what quantity, will be known only after an official announcement.



Last week, BitcoinTreasuries, based on STRC transaction data, predicted that Strategy could buy approximately 4,500 bitcoins. The company itself announced last week that it had purchased 4,871 bitcoins. At present, Strategy is raising capital through STRC and using the proceeds to continue buying bitcoins.
BTC1,46%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin