Strategy Adds 3,081 Bitcoin As Price Slides To $112K

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more BTC to its balance as the price tumbled to $112,000 last week.

Strategy acquired 3,081 Bitcoin (BTC) for $356.9 million during the week ending Sunday, according to a US Securities and Exchange Commission filing on Monday.

Saylor’s business intelligence software company purchased its latest Bitcoin batch at an average price of $115,829 per coin, as BTC started the week at around $116,700 and slipped to $112,000 on Thursday, according to CoinGecko.

The acquisition brought Strategy’s total Bitcoin holdings to 632,457 BTC, purchased for about $46.5 billion at an average price of $73,527 per coin.

Strategy buys 3,666 BTC in August

Strategy’s latest Bitcoin acquisition comes after two modest purchases, including a 430 BTC purchase announced last Monday and another 155 BTC buy the previous week.

With the new purchase, Strategy acquired 3,666 BTC this month, a significant decline from the 31,466 BTC bought in July. In June, Strategy purchased 17,075 BTC.

With Strategy’s BTC buying pace slowing over the past three weeks, it remains to be seen whether the company will make a significant purchase in the final week of August or opt to limit its acquisitions.

Strategy has historically avoided buying Bitcoin during dips, with Saylor openly preferring to purchase BTC at higher prices.

“I’m going to be buying the top forever. Bitcoin is the exit strategy,” the Strategy co-founder said in 2024.

This is a developing story, and further information will be added as it becomes available.

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