Strategy Acquires 520 Bitcoin for $35M in Third Straight Weekly Purchase
By
Jamie Redman
2h ago· 3 min readenNews
Summary
Strategy (formerly MicroStrategy) acquired 520 Bitcoin for approximately $35 million, marking its third consecutive weekly purchase. The company's total Bitcoin reserve now stands at 847,363 BTC. Founder Michael Saylor disclosed the transaction on X, noting the company also increased its USD Reserve by $300 million to $1.4 billion to support its Digital Credit securities. The purchase is notably smaller than recent weekly acquisitions.
Source
bskyStrategy Acquires 520 Bitcoin for $35M in Third Straight Weekly Purchasenews.bitcoin.comKey quotes
· 3 pulledStrategy founder Michael Saylor announced Monday that the company acquired 520 bitcoin for approximately $35 million, a noticeably smaller tranche than recent weeks.
The purchase marks the third consecutive week of bitcoin accumulation for Strategy.
Saylor disclosed the transaction in a Monday morning post on X to his roughly 5 million followers.
Strategy bought 520 BTC for $35M, lifting its reserve to 847,363 bitcoin. Saylor's third straight weekly buy.
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