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#BitcoinBouncesBack
Michael Saylor Buys Another 1.587 BTC Worth $100 Million
Michael Saylor has once again announced the company's routine accumulation step. Strategy (MSTR) officially increases their treasury Bitcoin holdings by purchasing 1.587 BTC, costing $100 million.
Based on this purchase, the total Bitcoin controlled by Strategy has now reached 846.842 BTC. With Bitcoin's current price around $66,000, the company continues to execute their routine purchases, with an average cost recorded at $75,700. In addition to strengthening their Bitcoin portfolio, Strategy also reports an increase in their cash reserves (USD Reserve) by $100 million, bringing the company's total cash reserves to $1.1 billion.