Saylor’s Strategy Makes Biggest BTC Buy Since July After Sale Rumor Fizzles

After a number of weeks of extra modest BTC purchases price lower than $100 million, the world’s largest company holder of the cryptocurrency is again with large acquisitions, the newest price over $830 million.

Additionally, this was the primary Strategy buy with a median BTC value at round $100,000 since early May. Its stash has shot as much as 649,870 BTC, a fortune that’s at the moment price almost $62 billion even after the cryptocurrency’s newest correction.

Before at present’s announcement, Saylor hinted on X yesterday that it is going to be a “₿ig Week” when it comes to purchases. This publish got here at an important time as stories emerged final week claiming that the Nasdaq-listed enterprise intelligence large had began to get rid of its BTC holdings.

However, these rumors have been shortly refuted by on-chain sleuths, a lot of whom defined that the massive transfers made by Strategy have been really inner reshuffling, one thing the corporate has achieved a number of occasions previously.

Michael Saylor additionally weighed in on the matter, and, opposite to the speculations, asserted that his firm has been shopping for every single day throughout that week, through which BTC’s value tumbled from $107,000 to $94,000.

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