Strategy adds 487 BTC to its crypto reserves
In a statement dated November 10, Strategy reported that the new Bitcoin purchase was a continuation of its strategy to increase its holdings of the first cryptocurrency, which exceeded $67 billion at the beginning of November.
In the latest tranche, Strategy paid an average of $102,557 per coin. Since the end of October, the company’s Bitcoin reserve fund has increased by 1,274 BTC. As of the reporting date, the total amount of Bitcoin held by Strategy reached 641,692 BTC.
Earlier, during its IPO on the European stock market, Strategy raised over $700 million, backed by its preferred shares. The company stated that the funds would be used to purchase Bitcoin and to replenish working capital.
On the eve of the announcement, Strategy chairman Michael Saylor said that, in his view, the Bitcoin ecosystem can be considered one of the most resilient in the financial world. The distributed network of thousands of nodes, each storing a full copy of the ledger, is nearly impossible to destroy through targeted attacks.
See also: "Bitcoin Price Today: Stuck at $105K Despite Strategy’s Purchases"
Українська
Русский
English

