Michael Saylor
Strategy buys 535 bitcoin for 43 million dollars
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Strategy purchased 535 bitcoin last week for about 43 million dollars at an average price of 80,340 dollars per coin. The acquisition came days after the company signaled it might sell some holdings to fund dividends or retire debt. Executive chairman Michael Saylor said any such sales would have minimal net impact.
Michael Saylor's Strategy could acquire at least 3,127 BTC this week through STRC share sales. The purchases may reduce Bitcoin supply and support higher prices as bulls target 100,000 dollars.
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Michael Saylor, co-founder of Strategy, signaled that the company will buy more Bitcoin on Monday. The purchase would boost the firm's Bitcoin treasury holdings. Strategy is the world's biggest Bitcoin treasury company.