Michael Saylor’s Strategy has announced a new Bitcoin buy involving 850 BTC shortly after the cryptocurrency’s price tumbled below $113,000.

Strategy Has Added Another $100 Million Worth Of Bitcoin To Treasury

As revealed by Strategy Chairman Michael Saylor in an X post , the Bitcoin treasury company has just added more of the cryptocurrency to its holdings. With this new purchase, the firm has acquired 850 BTC for an average price of $117,344 per token, or $99.7 million in total cost.

According to the filing with the US Securities and Exchange Commission (SEC) , the buy occurred in the duration between September 15th and 21st. Strategy sold shares of its STRF and MSTR at-the-money (ATM) offerings to fund the acquisition.

After this purchase, the company holds a total of 639,835

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