Strategy Buys Record $49.9M in BTC, Holdings Surge to 641K

Strategy has made a major Bitcoin acquisition, purchasing 487 coins for approximately $49.9 million at an average price of $102,557 per coin. This latest purchase pushes their holdings past the 641,000 BTC mark. Michael Saylor, CEO of Strategy, reported a YTD yield of 26.1% on their Bitcoin holdings, based on their average acquisition cost of $74,079. 2023’s price surge has seen this strategy increase their BTC position steadily and even during price dips earlier in the year.