Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued stacking Bitcoin last week as the cryptocurrency surged past $122,000 for the first time last Monday.
Strategy acquired 6,220 Bitcoin (BTC) for $739.8 million during the week ending Sunday, July 20, according to a US Securities and Exchange Commission filing on Monday.
Strategy’s new Bitcoin purchases were made at an average price $118,940 per coin, with BTC starting the week at historic levels above $122,000 before dropping to an intraweek low of $116,000 and consolidating at around $118,000, according to CoinGecko.
The acquisition has increased Strategy’s Bitcoin holdings to 607,770 BTC, purchased for about $43.6 billion at an average price of $71,756 per coin.
Strategy exec sells another 10,900 MSTR
Prior to announcing its latest Bitcoin acquisition, Strategy submitted a filing to the SEC on proposed sales of securities last Monday.
According to the filing, Strategy’s senior executive vice president Wei-Ming Shao sold another 10,900 Strategy (MSTR) shares worth around $4.9 million.
The latest sale extended the $25.7 million MSTR sale by the same executive in the previous week.
This is a developing story, and further information will be added as it becomes available.
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