Michael Saylor's Strategy Buys $740 Million Worth Of Bitcoin
Briefly

Strategy has acquired an additional 6,220 Bitcoin for roughly $740 million, raising total holdings to 607,770 BTC. The average purchase price was $118,940 per coin during the period from July 14 to July 20. This purchase follows a previous acquisition of 4,225 BTC. Strategy's Bitcoin holdings are valued at about $74.1 billion. Over 200 public companies collectively hold Bitcoin worth over $100 billion, indicating increasing corporate demand. Funding for purchasing Bitcoin came from various capital raises, primarily through the Common ATM, which contributed $736.4 million.
Strategy has acquired an additional 6,220 Bitcoin for approximately $740 million, bringing its total holdings to 607,770 BTC as corporate Bitcoin adoption reaches new heights.
The latest acquisition follows last week's purchase of 4,225 BTC, demonstrating the company's aggressive accumulation strategy.
Corporate Bitcoin treasuries are becoming mainstream. With over 200 public companies now holding Bitcoin worth more than $100 billion collectively, institutional adoption continues to accelerate despite record prices.
Strategy's systematic approach to Bitcoin accumulation has created a blueprint for institutional adoption. Their multi-instrument funding strategy allows for sustained purchases while maintaining strong shareholder value.
Read at Bitcoin Magazine
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