Strategy (formerly MicroStrategy) has once again demonstrated its unwavering commitment to its Bitcoin standard, announcing the acquisition of an additional 2,932 BTC for approximately $264.1 million.
The purchase, executed at an average price of $90,061 per Bitcoin, signals that the company remains a dedicated buyer even as the asset struggles to reclaim the $100,000 level.
This latest acquisition shows Strategy’s willingness to “average up” to acquire more coins. The purchase price of $90,061 is significantly higher than their aggregate cost basis of $76,037, indicating that the firm views the current consolidation around $90k not as a peak, but as a discount relative to their long-term outlook.
With 712,647 BTC now in custody, Strategy effectively controls nearly 3.4% of the entire circulating supply of Bitcoin (21 million max supply).
Bitcoin is currently trading close to the $88,000 level, failing to regain momentum.
Source: https://u.today/breaking-strategy-announces-261-million-bitcoin-purchase
