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Strategy Resumes Bitcoin Buying Spree, Adds Another 7,633 BTC

Strategy, the Nasdaq-listed largest corporate holder of bitcoin, which rebranded last week, has resumed its accumulation spree after a weekly hiatus.

Co-founder and former CEO Michael Saylor announced the latest purchase on X earlier today.

CryptoPotato reported last week MicroStrategy’s change of attitude as the company didn’t announce a BTC purchase for the first time in three months.

However, the landscape changed in the next several days. It started with a notable rebrand that dropped the ‘Micro’ from the firm’s name, which is now called simply Strategy (and features the bitcoin logo on the back).

The company also revived its BTC accumulation spree, as announced by Saylor today. The latest purchase saw the acquisition of 7,633 BTC (valued at $742.4 million at an average price of $97,255 per one).

This puts the firm’s total stash at 478,740 BTC, acquired for $31.1 billion. With a current BTC price of $97,500, this fortune is worth over $46.6 billion, which means that Strategy now sits at a paper gain of more than $15 billion.

This article first appeared at CryptoPotato

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Written by Outside Source

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