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Saylor’s Strategy Resumes Bitcoin Accumulation Spree With 4,871 BTC Purchase

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After a brief weekly break with no purchases, Michael Saylor’s bitcoin-accumulating NASDAQ-listed company has resumed its tradition to announce new buys on Monday.

The latest was completed last week at average prices of $67,718 per unit and saw Strategy accumulate 4,871 BTC for roughly $330 million.

The world’s largest corporate holder of bitcoin now owns 766,970 BTC, acquired for $58 billion at $75,644 per unit. This means that the company is still in the red on its position, despite today’s price pump toward $70,000, as its fortune is now worth around $53.3 billion.

Strategy’s main stock price (MSTR) has jumped by almost 4% in pre-market trading, but it’s down from almost $160 to $124.54 since the start of the year.

The firm’s co-founder and former CEO, Michael Saylor, engaged in another online spat with permanent bitcoin-critic Peter Schiff over the cryptocurrency’s 5-year returns.

The duo compared BTC’s performance to gold, stocks, and silver, with Schiff claiming that the cryptocurrency has increased by only 12% in that time, while Saylor pointed to a higher annualized return chart starting in August 2020 when his company began its accumulation spree.

Innlegget Saylor’s Strategy Resumes Bitcoin Accumulation Spree With 4,871 BTC Purchase dukket først opp på CryptoPotato.

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