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Breaking: Strategy's $40 Billion Bitcoin Bet Just Got Bigger
Business intelligence firm Strategy has purchased an additional $427.1 million worth of Bitcoin, according to a Monday announcement.
The company has now spent a whopping $40.6 billion on its enormous streak of Bitcoin purchases
Notably, the average purchasing price was above the $106,000 level this time around. Bitcoin is currently changing hands just below $110,000
The company's average purchasing price has now approached the $70,000 level for the first time.
The company's shares are down 1% in pre-market trading after plunging by 7.5% on Friday.