Despite a recent dip in Bitcoin’s value below $108,000, Strategy, the public company renowned for holding the largest Bitcoin reserves, has expanded its cryptocurrency portfolio.
Between August 25th and September 1st, Strategy procured 4,048 Bitcoins (BTC) at a total cost of $449.3 million, according to a filing submitted to the United States Securities and Exchange Commission on Tuesday. Details of the purchase are available on the SEC website.
The average acquisition price for these Bitcoins was $110,981 each. This period saw Bitcoin’s value temporarily climb past $113,000 before falling below $108,000 last Friday, as reported by CoinGecko.
With this latest investment, Strategy now holds a total of 636,505 BTC, acquired for approximately $46.95 billion at an average price of $73,765 per Bitcoin.
Strategy’s Bitcoin Buys in August Total 7,714
This recent Bitcoin purchase follows a series of smaller acquisitions made by Strategy throughout August. This includes the earlier purchase of 3,081 BTC which was announced last week. The company also bought 430 BTC and an additional 155 BTC earlier in the month.
Combined with this most recent purchase, Strategy accumulated a total of 7,714 BTC during the month of August. This is a noticeable decrease compared to the 31,466 BTC the company purchased in July.
The funding for the most recent Bitcoin acquisitions came from STRF ATM, STRK ATM, STRD ATM, and MSTR ATM programs.
This is a developing story; stay tuned for further updates as more information becomes available.
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