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Saylor’s Strategy Buys Another $427M Worth of BTC With Money it Can’t Afford to Lose

  • Strategy's co-founder Michael Saylor announced the acquisition of 4,020 BTC for $427 million, with an average price of $106,237 per Bitcoin.
  • The company now holds 580,250 BTC, acquired for over $40.6 billion at an average price of $69,979 per BTC, resulting in a paper gain of over $23 billion.
  • Despite BTC's surge to a new all-time high above $109,000, Strategy's stock price dropped, closing under $370 at Friday's close.
  • Saylor emphasized only buying Bitcoin with money he 'can't afford to lose', as Strategy continues to expand its cryptocurrency holdings.

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