Michael Saylor’s Strategy, the world’s largest public company holding Bitcoin, purchased more BTC as the price slipped below $108,000 last week.
Strategy acquired 4,048 Bitcoin (BTC) for $449.3 million between Aug. 25 to Sept. 1, according to a US Securities and Exchange Commission filing on Tuesday.
Strategy’s latest Bitcoin purchase was made at an average price of $110,981 per BTC, as the crypto asset briefly surged above $113,000 and subsequently dropped below $108,000 last Friday, according to CoinGecko.
The acquisition brought Strategy’s total Bitcoin holdings to 636,505 BTC, purchased for about $46.95 billion at an average price of $73,765 per coin.
Strategy’s August buys net 7,714 BTC
Strategy’s latest Bitcoin acquisition follows regular but modest buying in August, including the 3,081 BTC purchase announced last week. The other two purchases in August included a 430 BTC buy and another 155 BTC acquisition in early August.
Together with the latest purchase, Strategy acquired 7,714 BTC in August, a significant decline from the 31,466 BTC bought in July.
The latest Bitcoin purchases were made using proceeds from the STRF ATM, STRK ATM, STRD ATM and MSTR ATM.
This is a developing story, and further information will be added as it becomes available.
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