Browsing: Digital Asset Treasuries
Michael Saylor-led Strategy (formerly MicroStrategy) has made back-to-back weekly Bitcoin purchases for the first time since June, rebuilding its holdings after selling some of the cryptocurrency earlier this quarter. On Sept. 28, the company said it acquired 1,665 Bitcoin for $142.7 million during the week ended Sept. 27, paying an average of $85,681 per token. That followed…
Bitcoin treasury firms Strategy and Strive purchased approximately $183 million in BTC as a market rally pushed Bitcoin past $85,000, helping corporate balance sheets recover previous losses and lifting holdings above average acquisition costs.