Strategy buys $26M Bitcoin as prices bleed on geopolitical fears
Michael Saylor’s Strategy bought another 245 Bitcoin last week after doubling down on his long-term BTC price prediction, forecasting BTC to hit $21 million in 21 years.
Michael Saylor’s Strategy, the world’s largest public Bitcoin investor, has disclosed its latest BTC purchases as the cryptocurrency slid in response to escalating geopolitical fears last week.
Strategy acquired 245 Bitcoin (BTC) for $26 million during the week ending June 22, the company announced in an official US Securities and Exchange Commission filing on Monday.
The cost of Strategy’s latest Bitcoin haul averaged $105,856 per coin, with Bitcoin plummeting from around $108,900 last Monday to an intraweek low of just below $99,000, according to CoinGecko data.
