Strategy buys $26M Bitcoin as prices bleed on geopolitical fears
Michael Saylor’s Strategy bought another 245 Bitcoin last week after doubling down on his long-term BTC price prediction, forecasting BTC to hit $21 million in 21 years.
Michael Saylor’s Strategy, the world’s largest public Bitcoin investor, disclosed its latest BTC purchases as the cryptocurrency slid in response to escalating geopolitical fears last week.
Strategy acquired 245 Bitcoin (BTC) for $26 million during the week ending Sunday, the company announced in a US Securities and Exchange Commission filing on Monday.
The cost of Strategy’s latest Bitcoin haul averaged $105,856 per coin, with Bitcoin plummeting from about $108,900 on June 16 to an intraweek low of just below $99,000, according to CoinGecko data.
