Strategy Adds 17,994 BTC to Push Total Reserves Above 738,000
Cointelegraph
Strategy acquired 17,994 Bitcoin for $1.28 billion, increasing its total holdings to over 738,000 BTC.Summary
Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, purchased 17,994 BTC for $1.28 billion last week, bringing its total reserves to 738,731 BTC, acquired at a total cost of approximately $56 billion. This latest acquisition, made at an average price of $70,946 per Bitcoin, is one of the company's largest, even though it occurred while BTC traded below Strategy's overall average cost basis of $75,985. This contrasts with previous below-cost periods (2022-2023) where Strategy favored smaller purchases; however, since February 9th during the current period, Strategy has already made five acquisitions totaling 25,229 BTC.
(Source：Cointelegraph)