Strategy’s $1.42B Bitcoin Purchase as Price Hits $90K

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The company's Bitcoin holdings are worth more than $50 billion following its latest purchase, with 553,555 BTC on its books.

Michael Saylor’s Strategy added to its massive Bitcoin stash last week as the cryptocurrency surged above $90,000.

In an April 28 announcement, Strategy reported acquiring 15,355 Bitcoin between April 21 and 27.

The latest purchases cost Strategy $1.42 billion at an average price of $92,737 per BTC, increasing the company’s aggregate BTC holdings by roughly 3% to a total of 535,555 BTC worth more than $50 billion.

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