Bitcoin Investment Firm Strategy Acquires $18.8 Million More in Bitcoin

Strategy, formerly known as MicroStrategy, recently expanded its Bitcoin holdings by purchasing approximately $18.8 million worth of Bitcoin (BTC) between October 13th and 19th. This latest investment brings their total BTC to 640,418, valued at roughly $71.1 billion, representing more than 3% of the entire cryptocurrency supply. According to the company’s SEC-filing, Strategy purchased Bitcoin at an average price of $112,051 per coin.