Strategy adds $449M in Bitcoin, raising August total to 7.7K BTC

Michael Saylor’s Strategy, the world’s largest public company holding Bitcoin, purchased more BTC as the price slipped below $108,000 last week.

Strategy acquired 4,048 Bitcoin (BTC) for $449.3 million between Aug. 25 and Monday, according to a US Securities and Exchange Commission filing on Tuesday.

Strategy’s latest Bitcoin purchase was made at an average price of $110,981 per BTC, as the crypto asset briefly surged above $113,000 and subsequently dropped below $108,000 on Friday, according to CoinGecko.

The acquisition brought Strategy’s total Bitcoin holdings to 636,505 BTC, purchased for about $46.95 billion at an average price of $73,765 per coin.

Strategy’s August buys net 7,714 BTC

Strategy’s latest Bitcoin acquisition followed regular but modest buying in August, including a 3,081 BTC purchase announced last week. The other two purchases in August included a 430 BTC buy and another 155 BTC acquisition in early August.

Together with the latest purchase, Strategy acquired 7,714 BTC in August, a significant decline from the 31,466 BTC bought in July.

An excerpt from Strategy’s Form 8-K. Source: SEC

The latest Bitcoin purchases were made using proceeds from the STRF ATM, STRK ATM, STRD ATM and MSTR ATM.

This is a developing story, and further information will be added as it becomes available.

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