Global Stock News

Strategy lifts holdings to 3.4% of Bitcoin’s total supply amid inflows into crypto products

Strategy lifts holdings to 3.4% of Bitcoin’s total supply amid inflows into crypto products

Strategy continued its accumulation of the top crypto last week, acquiring 3,015 BTC for $204 million amid renewed interest in crypto products after four weeks of outflows.

Strategy boosts Bitcoin reserves as institutional demand returns

Strategy purchased an additional 3,015 BTC as part of its ongoing treasury strategy, according to a Monday filing with the US Securities and Exchange Commission (SEC).

The latest acquisition was valued at approximately $204.1 million, with an average purchase price of $67,700 per BTC. The transaction marks the company’s tenth consecutive week of back-to-back Bitcoin purchases since December. It also represents one of its largest additions in recent weeks.

Strategy’s latest acquisition brings its total…

Source link

Share this article

Scroll to Top