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…
