Strategy Acquires 520 Bitcoin for $35M in Third Consecutive Weekly Buy
Strategy acquired 520 bitcoin for approximately $35 million, marking its third consecutive week of purchases and bringing total holdings to 847,363 BTC. Founder Michael Saylor announced the smaller-than-recent tranche despite the company holding unrealized losses near $10 billion.
Strategy acquired 520 bitcoin for approximately $35 million, founder Michael Saylor announced Monday, marking the company's third consecutive week of bitcoin accumulation. The purchase brings Strategy's total bitcoin reserve to 847,363 BTC.
The $35 million tranche represents a noticeably smaller buy than recent weeks, though the company maintained its weekly purchase cadence. Strategy has continued acquiring bitcoin despite sitting on unrealized losses reported near $10 billion on its existing holdings.
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