Strategy resumes Bitcoin acquisitions with $43M BTC buy
Strategy added $43 million in Bitcoin last week after Michael Saylor drew mixed investor reactions for signaling potential BTC sales to fund dividend payments.
Strategy bought 535 Bitcoin for $43 million last week, resuming its accumulation strategy days after its chairman, Michael Saylor, said the company may sell some of its holdings to fund dividend payments.
The world’s largest corporate Bitcoin holder acquired the Bitcoin (BTC) between May 4 and May 10 at an average price of $80,340 per BTC, according to a Monday filing with the US Securities and Exchange Commission.
The purchase lifted Strategy’s total holdings to 818,869 BTC, acquired for about $61.86 billion at an average price of $75,540 per coin, including fees and expenses.