Strategy Buys 1,036 Bitcoin for $81.9 Million as Holdings Fall Below Cost Basis
(3 hours ago) · 1 source · Summarized by CryptoBipto
Strategy, the company formerly known as MicroStrategy and trading under the ticker MSTR, purchased 1,036 Bitcoin for approximately $81.9 million. The purchase comes at a time when the company's total Bitcoin holdings have reportedly fallen below their overall cost basis, meaning the current market value of the holdings is less than what the company paid for them.
WHY IT MATTERS
Strategy is one of the biggest corporate holders of Bitcoin in the world, so its buying activity is widely followed.
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SOURCES
- bitcoinmagazine.com
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