Strategy Adds $357 Million in Bitcoin Amid Market Dip


Strategy Adds 7 Million in Bitcoin Amid Market Dip



Strategy Inc. (Nasdaq: MSTR) increased its Bitcoin holdings with a new purchase completed last week, as it briefly fell to $111,000.

In a filing with the U.S. Securities and Exchange Commission on Monday, the company disclosed that it had acquired 3,081 Bitcoin for approximately $356.9 million. 

The coins were purchased at an average price of $115,829 each, with the transactions carried out between August 18th and August 24th.

The latest acquisition expands Strategy’s total holdings to 632,457 Bitcoin, accumulated for about $46.5 billion at an average cost of $73,527 per coin.

The buy follows two smaller additions earlier this month, 430 Bitcoin announced the previous Monday and 155 Bitcoin a week before that, bringing August’s total to 3,666 Bitcoin. 

Historically, the firm has not timed its acquisitions to market dips, with Saylor reiterating his preference for buying at any price.

“I’m going to be buying the top forever. Bitcoin is the exit strategy,” Saylor said last year.





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