Strategy Michael Saylor, the world’s largest public holder of Bitcoin, added a large tranche of BTC to his holdings last week, bringing total reserves above 738,000 BTC.
Sailor Strategy acquired 17,994 Bitcoin (BTC) worth $1.28 billion last week, according to a filing with the US Securities and Exchange Commission on Monday.
The purchase marks Strategy’s largest BTC purchase since January, when it acquired 22,305 BTC worth $2.13 billion at an average price of $95,284 per BTC.
The latest purchase was made at an average price of $70,946 per Bitcoin, below the company’s average acquisition price of $75,985, but well above the $67,000 level at which BTC traded for most of the week, the strategy said.
The company said the acquisition brings its assets to 738,731 BTC, at a total value of approximately $56 billion.
The first major purchase below the value of the Strategy
Strategy’s recent purchase of Bitcoin marks one of its largest BTC purchases on record, despite BTC trading below the company’s value.
In the past, during similar low periods around 2022-2023, the Strategy typically avoided larger purchases, making a total of 28,560 BTC in seven smaller purchases.
According to SaylorTracker, Strategy has already made five purchases during the bearish period, buying a total of 25,229 BTC since February 9.
Since February 9, the average value of the Strategy has decreased by 0.24%, from $76,052 to $75,862.
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