Strategy Spends $1B to Buy Nearly 14K Bitcoin
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The announcement today comes just 24 hours after the firm's co-founder said it's time to think ₿igger.
The world’s largest corporate holder of bitcoin has returned to its billion-dollar BTC purchases after a brief hiatus that included even an empty week.
Strategy has acquired 13,927 BTC for approximately $1 billion at an average price of $71,902 per unit. Its YTD yield has risen to 5.6%, while its total stash is up to 780,897 BTC bought for roughly $59 billion.
Nevertheless, its average accumulation price is still above BTC’s current, which means that the company sits on a paper loss of around $3.5 billion.
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