WiremarketsBrief
Strategy’s Bitcoin Holdings Hit New ATH After 1,037 BTC Purchase
This was the company's largest BTC buy in several weeks. Separately, Strive has announced a minor bitcoin purchase.
Brief
Strategy, the biggest corporate bitcoin holder, has kept buying despite recent market weakness. The company spent $82 million on more than 1,000 bitcoin, lifting its total to a record 850,364 coins acquired for $64.14 billion, or $75,456 each on average. Saylor's post also said the firm bought back $188 million of its STRC stock and holds $4.9 billion in USD assets as of November 8. Bitcoin dipped below $74,000 earlier in the day and traded near $74,800 at press time, leaving the holdings slightly lower on paper. Separately, Strive CEO Matt Cole said his company bought 29 BTC for $2.2 million, bringing its total to 43,153.
Why it matters: The purchases show the largest corporate bitcoin holder continuing to add coins while crypto and equity markets fell, a fact readers tracking corporate treasury buying will weigh.
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Dextape story on this event
Strategy buys 1,036 BTC, lifting holdings to a record 850,364 coins
Terms in this story
- ATH
- All-time high: the highest price recorded by the market-data provider, CoinGecko on Dextape.
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