BREAKING: Strategy Announces Biggest Bitcoin Purchase Since July
MicroStrategy purchased 10,645 Bitcoins for $980.3 million between Dec. 8 and 14, averaging $92,124 per BTC, according to a Monday announcement. This acquisition was financed through proceeds from at-the-market (ATM) equity offerings.This marks the company's biggest Bitcoin purchase since July. This addition brings total holdings to 671,268 BTCThe latest purchase is a tad bigger than the 10,624 BTC (about $963 million worth) that Strategy purchased between Dec. 1 and 7. Despite the mammoth Bitcoin buy conducted by Strategy, the price of Bitcoin remains below the psychologically important $90,000 level. Could Strategy sell Bitcoin? As reported by U.Today, CEO Fong Lee did not rule out selling some of Strategy’s Bitcoin holdings if there is a prolonged crypto winter.Lee noted that Bitcoin remains a core part of Strategy’s long-term plan.However, Lee has also noted that Bitcoin remains a core part of Strategy’s long-term plan.