MicroStrategy decreased its Bitcoin acquisition by 76.9% last week, buying only 196 BTC compared to the prior week's 850 BTC. Despite the reduction, the company still holds a significant amount of Bitcoin and is sitting on substantial profits. The news comes after a period of active accumulation and the company's holdings are far ahead of any other public company.
, cut back on its Bitcoin purchases last week, adding just 196 BTC compared to 850 BTC the week before. The reduction equals a 76.9% drop in weekly buying volume. The new coins cost about $22.1 million on average, at about $113,048 for each BTC.
holds 640,031 BTC. The total cost basis for this supply is $47.35 billion, which works out to $73,981 per Bitcoin. At the current market price of about $112,000, the company's Bitcoin is worth $71.7 billion. That means they are sitting on a profit of over $24 billion, which is about 51.4% above cost.The purchase update comes after a busy month of accumulation. Earlier in September, Strategy added 1,955 BTC in a single week and 4,048 BTC the week before that — the smallest amount since early August.Nick Szabo: $44M in Bitcoin on the Move Amid Fears of State Seizure Strategy continues to lead the pack, with holdings far ahead of any other public company, but the lower weekly figure is notable after a streak of larger acquisitions.on the books. But the market will also see that Strategy's pace is slowing down, which shows that even its best customer is not always going full speed ahead. DNA Holdings Orchestrates Landmark $344.4M Capital Deal, Bridging Nasdaq-Listed Company with Aethir’s Decentralized AI Infrastructure
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