The post Strategy’s Stockpile Swells To 660,624 BTC After Scooping Up Nearly $1B In Bitcoin Last Week ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Michael Saylor’s Strategy bought an additional Bitcoin for nearly $1 billion last week, lifting the business intelligence Software company’s holdings to 660,624 BTC as it extends its Bitcoin treasury program. Strategy Drops $962.7 Million On Bitcoin  According to a Monday 8-K filing with the U.S. Securities and Exchange Commission, Strategy added 10,624 Bitcoin between Dec.1 and Dec. 7 for $962.7 million— its largest purchase since July. The company said the tranche was executed at an average $90,615 per coin, lifting its overall average purchase price to $74,696 per Bitcoin. Strategy spent $49.35 billion acquiring its 660,624 BTC haul. The stockpile is equivalent to over 3.1% of the total Bitcoin supply — far more than any of its publicly traded peers. Data from BitcoinTreasuries shows that the holdings are worth roughly $59.7 billion, which is over 20% above the firm’s aggregate cost basis. Strategy funded the latest purchases using proceeds from at-the-market sales of its Class A common stock, MSTR, and its perpetual Stride preferred stock, STRD. Over the past week, the Tysons Corner, Virginia-based firm sold $928 million in MSTR, with the sale of STRD raising $34.9 million. Advertisement &nbsp Bitcoin Is Digital Gold, Saylor Reaffirms Speaking at the Bitcoin MENA event in Abu Dhabi on Monday, Strategy Executive Chairman Michael Saylor revealed that he had been meeting with sovereign wealth funds, banks, family offices, and hedge funds in the Middle East to discuss Bitcoin.  “My message by the way is very straightforward. My message is: We now have digital capital. Bitcoin is digital capital. It’s digital gold,” Saylor opined. “On top of digital capital, we have a new asset class called digital credit. Digital credit strips the volatility from the capital and provides yield.”  The Bitcoin bull consistently emphasizes Strategy’s strong belief in the… The post Strategy’s Stockpile Swells To 660,624 BTC After Scooping Up Nearly $1B In Bitcoin Last Week ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Michael Saylor’s Strategy bought an additional Bitcoin for nearly $1 billion last week, lifting the business intelligence Software company’s holdings to 660,624 BTC as it extends its Bitcoin treasury program. Strategy Drops $962.7 Million On Bitcoin  According to a Monday 8-K filing with the U.S. Securities and Exchange Commission, Strategy added 10,624 Bitcoin between Dec.1 and Dec. 7 for $962.7 million— its largest purchase since July. The company said the tranche was executed at an average $90,615 per coin, lifting its overall average purchase price to $74,696 per Bitcoin. Strategy spent $49.35 billion acquiring its 660,624 BTC haul. The stockpile is equivalent to over 3.1% of the total Bitcoin supply — far more than any of its publicly traded peers. Data from BitcoinTreasuries shows that the holdings are worth roughly $59.7 billion, which is over 20% above the firm’s aggregate cost basis. Strategy funded the latest purchases using proceeds from at-the-market sales of its Class A common stock, MSTR, and its perpetual Stride preferred stock, STRD. Over the past week, the Tysons Corner, Virginia-based firm sold $928 million in MSTR, with the sale of STRD raising $34.9 million. Advertisement &nbsp Bitcoin Is Digital Gold, Saylor Reaffirms Speaking at the Bitcoin MENA event in Abu Dhabi on Monday, Strategy Executive Chairman Michael Saylor revealed that he had been meeting with sovereign wealth funds, banks, family offices, and hedge funds in the Middle East to discuss Bitcoin.  “My message by the way is very straightforward. My message is: We now have digital capital. Bitcoin is digital capital. It’s digital gold,” Saylor opined. “On top of digital capital, we have a new asset class called digital credit. Digital credit strips the volatility from the capital and provides yield.”  The Bitcoin bull consistently emphasizes Strategy’s strong belief in the…