BREAKING: Strategy Acquires 6220 BTC for $740 Million

MicroStrategy does it again - buys about $740 million worth of BTC at $118,940 per coin.

Publicly-traded company Strategy Inc. has acquired 6220 BTC for approximately $740 million at an average price just shy of $119,000.

The firm, spearheaded by Michael Saylor – Wall Street’s most vocal Bitcoin proponent – now holds a whopping 607,770 BTC acquired for $43.6 billion with an average price of $71,756 per coin.

This is the last in line of multiple previous acquisitions. Last Monday, the company bought another 4225 BTC before Bitcoin’s price exploded to a new all-time high.

Back then, the average price was $111,827.

Companies focused on establishing crypto treasuries are becoming more and more common. And while we’re used to seeing BTC-focused firms, ETH is also starting to attract a lot of attention. Just today, CryptoPotato reported that a Pantera-backed company called The Ether Machine plans to go public with a committed capital of 400,000 ETH.

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George Georgiev
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Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over 8 years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.