menu
techminis

A naukri.com initiative

google-web-stories
source image

Newsbtc

4d

read

385

img
dot

Image Credit: Newsbtc

Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC

  • MicroStrategy added 1,045 Bitcoin to its holdings, with an average purchase price of $70,086.
  • The company's total spending on Bitcoin has surpassed $40 billion, using a strategic drip-feed approach to avoid market disruptions.
  • Strategy bought Bitcoin using its STRK and STRF stocks, without issuing new common shares.
  • The continuous accumulation of Bitcoin by companies like MicroStrategy and others is contributing to a sense of scarcity in the market and impacting Bitcoin prices.

Read Full Article

like

23 Likes

For uninterrupted reading, download the app