Strategy Buys 10,645 Bitcoin as Crypto Market Braces for Japan Rate Hike
Michael Saylor’s Strategy, previously MicroStrategy, has made another weekly Bitcoin purchase, even as the crypto market continues its decline. This latest purchase comes amid a potential Japan rate hike, which could extend BTC’s year-to-date (YTD) loss and also negatively affect MSTR stock.
Strategy Acquires 10,645 For $980.3 Million
An SEC filing showed that the company acquired 10,645 BTC for $980.3 million at an average price of $92,098 per Bitcoin. It has now achieved a BTC yield of 24.79% year-to-date (YTD) and holds 671,268 BTC, which it acquired for $50.33 billion at an average price of $74,972 per Bitcoin.
The SEC filing also shows that Strategy made this purchase with net proceeds from the…
