Sailor Strategy Spends Over $200 Million to Earn 3,015 BTC: Details



Some of the comments at the bottom of the company’s post said the purchase was “a belief, not a hesitation.”

After hinting at another purchase on Sunday, Strategy co-founder and former CEO Michael Saylor made it official, revealing that his company spent $204.1 million to acquire an additional 3,015 BTC.

The average value of the last transaction was $67,700, and the company’s fund reached 720,737 BTC. It was bought at an average price of less than $76,000, which means that the NASDAQ-listed company remains in the red in its bitcoin position.

With the cryptocurrency trading at around $66,000, Strategy’s net worth is around $47.5 billion, with a net loss of over $7 billion.

Most of the comments below Sailor’s posts expressed their support for the move, with one user calling the purchase of 3,015 BTC a show of “confidence” rather than hesitation in the current macro environment.

Shares in Strategy have not yet opened for trading following the weekend’s events in the Middle East, but were down 0.5% in pre-market trading. More volatility is expected when Wall Street reopens in a few hours.

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