Strategy added $740M of Bitcoin as price surged past $122K

Michael Saylor’s Strategy, the world’s largest nationalist holder of Bitcoin, continued stacking Bitcoin past week arsenic the cryptocurrency surged past $122,000 for the archetypal clip past Monday.

Strategy acquired 6,220 Bitcoin (BTC) for $739.8 cardinal during the week ending Sunday, July 20, according to a US Securities and Exchange Commission filing connected Monday.

Strategy’s caller Bitcoin purchases were made astatine an mean terms $118,940 per coin, with BTC starting the week astatine historical levels supra $122,000 earlier dropping to an intraweek debased of $116,000 and consolidating astatine astir $118,000, according to CoinGecko.

An excerpt from Strategy’s Form 8-K. Source: SEC

The acquisition has accrued Strategy’s Bitcoin holdings to 607,770 BTC, purchased for astir $43.6 cardinal astatine an mean terms of $71,756 per coin.

Strategy exec sells different 10,900 MSTR

Prior to announcing its latest Bitcoin acquisition, Strategy submitted a filing to the SEC connected projected income of securities past Monday.

According to the filing, Strategy’s elder enforcement vice president Wei-Ming Shao sold different 10,900 Strategy (MSTR) shares worthy astir $4.9 million.

The latest merchantability extended the $25.7 cardinal MSTR merchantability by the aforesaid enforcement successful the erstwhile week.

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.

Magazine: Bitcoin OG Willy Woo has sold astir of his Bitcoin: Here’s why