Michael Saylor’s Strategy (formerly MicroStrategy) bought another $427M in Bitcoin this week, adding 4,020 BTC at an average price of $106,237 per Bitcoin. The recent purchase takes their current holdings up to 580,250 BTC, currently worth over $63.69B. Strategy is currently the 5th largest institutional holder of Bitcoin, only behind Binance, Coinbase, BlackRock and Fidelity Custody.
Strategy has been a key driving force this cycle, with its consistent weekly purchases of Bitcoin under their Bitcoin treasury strategy. Additionally, their new offerings of preferred stock in Strife (STRF) and Strike (STRK) will continue to provide them with the additional buying power to continue these purchases and the markets higher.
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