Strategy buys $357M in Bitcoin as price drops to $112K

Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more BTC to its balance as the price tumbled to $112,000 last week.

Strategy acquired 3,081 Bitcoin () for $356.9 million during the week ending Sunday, to a US Securities and Exchange Commission filing on Monday.

Saylor’s business intelligence software company purchased its latest Bitcoin batch at an average price of $115,829 per coin, as BTC started the week at around $116,700 and slipped to $112,000 on Thursday, to CoinGecko.

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The acquisition brought Strategy’s total Bitcoin holdings to 632,457 BTC, purchased for about $46.5 billion at an average price of $73,527 per coin.

Strategy buys 3,666 BTC in August

Strategy’s latest Bitcoin acquisition comes after two modest purchases, including a announced last Monday and the previous week.

With the new purchase, Strategy acquired 3,666 BTC this month, a significant decline from the . In June, Strategy purchased 17,075 BTC.

This is a developing story, and further information will be added as it becomes available.

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