According to a recent SEC filing, Strategy, the world's largest corporate Bitcoin holder, paid $739.8 million for 6,220 more BTC. This takes its total Bitcoin holdings to 607,770 BTC, which are now worth more than $72B, with Bitcoin trading around $118,980. CEO Michael Saylor revealed that the newest purchase was completed at an average price of $118,940 per coin.
Since 2020, Strategy—formerly known as MicroStrategy—has shifted its focus from software to Bitcoin investment, aiming to boost shareholder profits. The company's average purchasing price is now $71,756 per Bitcoin.
Earlier in July, Strategy purchased 4,225 BTC for $472 million, or an average of $111,827. After a few months of stopping weekly acquisitions, the company began buying.
Strategy's Bitcoin buying technique led to an incredible stock surge, with shares soaring 2,867% since focusing on Bitcoin. Recent activity has put Strategy (MSTR) above $435 per share. Other companies, including Semler Scientific, Core Scientific, Metaplanet, and KULR Technology Group, have followed suit and added Bitcoin to their corporate treasuries, rebranding their enterprises.
