Home Crypto Michael Saylor’s Strategy Buys $110 Million Worth of Bitcoin

Michael Saylor’s Strategy Buys $110 Million Worth of Bitcoin

2
0
Strategy’s Bitcoin Holdings at Risk, May Sell BTC to Meet Obligations

Michael Saylor announced that Strategy has made yet another considerable Bitcoin buy, adding 1045 BTC to its stash.

The company spent approximately $110.2 million at $105,426 per coin. Year-to-date, Strategy has achieved a BTC yield of 17.1% and as of yesterday, it holds 582,000 BTC acquired for $70,086 each, currently worth almost $41 billion.

The most recent purchase doesn’t really come as a surprise as the company has virtually created a BTC playbook for diversifying corporate treasuries with the leading digital asset.

This move reaffirms Saylor’s growing positivity on the asset. Recall that he’s a firm believer that Bitcoin will reach a price of $1 million once Wall Street firms start allocating just 10% of their reserves into it.

<![CDATA[var AdButler=AdButler||{};AdButler.ads=AdButler.ads||[];var abkw=window.abkw||'';var plc631314=window.plc631314||0;document.write('‘);AdButler.ads.push({handler:function(opt){AdButler.register(183000,631314,[300,250],’placement_631314_’+opt.place,opt)},opt:{place:plc631314++,keywords:abkw,domain:’servedbyadbutler.com’,click:’CLICK_MACRO_PLACEHOLDER’}});]]>

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

LEAVE A REPLY

Please enter your comment!
Please enter your name here