Strategy, previously known as MicroStrategy, made another Bitcoin purchase between May 26 and June. The company bought 705 BTC for $75 million, bringing its total holdings to 580,955. Meanwhile, the MSTR stock price has continued its correction from last week, down in today’s pre-market trading. Strategy Acquires 705 BTC, MSTR Stock In The Red In a press release, Michael Saylor’s company revealed that it has purchased 705 BTC for $75.1 million at an average price of $106,495 per bitcoin. The company has also achieved a BTC yield of 16.9% year-to-date (YTD). This latest purchase brings Strategy’s Bitcoin holdings to 580,955 BTC, which it acquired for $40.68 billion at an average price of $70,023 per Bitcoin. As CoinGape reported, Michael Saylor had yesterday signaled another Bitcoin purchase when he posted the company’s BTC portfolio tracker. This is the company’s eighth consecutive weekly purchase. Last week, it acquired 4,020 BTC for $427 million… Read More at Coingape.com
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