Strategy adds $22M in Bitcoin, now holds more than 640K BTC

Michael Saylor’s Strategy, the world’s largest nationalist holder of Bitcoin, added much of the cryptocurrency arsenic the BTC terms dropped beneath $110,000 past week.

Strategy acquired 196 Bitcoin for $22.1 cardinal during the week ending Sunday, according to a US Securities and Exchange Commission filing connected Monday.

The acquisition was made astatine an mean terms of $113,048 per coin arsenic BTC started the week supra $112,000 and dropped beneath $110,000 past Thursday, according to CoinGecko.

Following the acquisition, Strategy present holds a full of 640,031 BTC, purchased for astir $47.35 cardinal astatine an mean terms of $73,983 per coin.

Saylor expects Bitcoin to commencement rising toward the year-end

Strategy’s latest $22 cardinal Bitcoin acquisition is 1 of the smallest play BTC acquisitions made by the institution to date, marking an ongoing buying slowdown with shrinking acquisitions successful the past fewer months.

Last week, Strategy co-founder Saylor predicted that Bitcoin would commencement to rise toward the extremity of the twelvemonth aft facing a play of unit from increasing organization adoption.

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

“I deliberation that arsenic we enactment done the absorption of precocious and immoderate macro headwinds, we’ll really spot Bitcoin commencement to determination up smartly again toward the extremity of the year,” helium said.

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