Strive and MicroStrategy Buy 1,490 Bitcoin as Market Recovers
BTC when published $82,264Now $80,595 ▼ −2.03% since it was published
Strive and Strategy, formerly MicroStrategy, announced fresh Bitcoin purchases totaling 1,490 BTC on Monday, October 19, as the cryptocurrency recovered from last week’s brief fall below $80,000. Strive acquired another 1,223 BTC, bringing its total holdings to 36,818 Bitcoin, according to an announcement shared by CEO Matt Cole. The company has yet to disclose the purchase price. At Bitcoin’s market price of approximately $82,500 earlier Monday, the newly acquired coins were worth around $101 million. Meanwhile, Michael Saylor’s Strategy purchased 267 BTC for $22.1 million between October 12 and 18, paying an average of $82,900 per Bitcoin. The latest acquisition brings Strategy’s total holdings to 848,517 BTC. The company funded most of the purchase through approximately $22 million in MSTR share sales.
First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.
