Impact of Strategy’s Bitcoin Purchase on Markets and Stock Value
$BTC #BTC MicroStratey, now known as Strategy, has marked another major Bitcoin purchase on Monday, by adding 13,627 BTC worth $1.25 billion. The purchase was made at an average value of $91,519 per coin, strengthening the company’s position as the largest corporate Bitcoins holder globally.
As of today, Strategy holds a total of 687,410 Bitcoins by investing around $51.8 billion at an average price of $75,353 per BTC. The latest move highlights the potential confidence of the big institutional players in the golden asset as a long term treasury even after recent market volatility.
