Michael Saylor’s strategy, the largest public Bitcoin holder in the world, added more BTC to its balance while the price turned to new heights of all time before retiring last week.
The strategy acquired 430 Bitcoin (BTC) for $ 51.4 million during the week ending on Sunday, according to an American security file and Exchange Commission on Monday.
The new bitcoin batch cost the company an average price of $ 119,666 per room, reflecting massive volatility last week, the BTC negotiating at around $ 120,000 on Monday and sliding up to $ 115,000 on Sunday, according to Coingecko.
The acquisition moved Bitcoin Holdings of the strategy at 629,376 BTC, bought for around 46.15 billion dollars at an average price of $ 73,320 per room.
“Volatility is a gift for the faithful”
While Bitcoin saw high volatility last week, exceeding $ 124,000 last Wednesday to withdraw $ 115,000 by the end of the week, the co -founder of Strategy Saylor went to X to comment on volatile prices.
“Volatility is a gift for the faithful,” he wrote Thursday in the middle of the BTC price below $ 118,000 the next day after reaching new heights of all time.
Saylor also pointed out that Bitcoin Holdings of Strategment closed at a summit of $ 77.2 billion at high prices of all time.
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