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Image Credit: Bitcoinist

Bitcoin Addiction? Michael Saylor Buys 15,355 BTC More

  • Strategy, led by Michael Saylor, has purchased 15,355 Bitcoin tokens at a cost of $1.42 billion, solidifying its position as the largest corporate holder of the cryptocurrency.
  • The acquisition was made at an average price of $92,737 per coin, increasing Strategy's total Bitcoin holdings to 553,555 tokens worth about $52 billion.
  • Strategy follows a pattern of making significant purchases at the end of each month, with this latest acquisition being the third in just five weeks. Their Bitcoin holdings have delivered a 14% return year to date.
  • With a total investment of nearly $38 billion, Strategy currently holds an unrealized profit of $14 billion on paper until the company decides to sell some of its holdings.

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