Bitcoin Magazine Bitcoin Price Rebounds Above $115,000 As Strategy Buys 390 More Bitcoin

Bitcoin’s price surged above $115,000 on Monday as Strategy, the largest corporate holder of Bitcoin, announced another significant purchase of Bitcoin. The business intelligence firm acquired 390 BTC between October 20 and October 26, spending approximately $43.4 million at an average price of $111,053 per Bitcoin.

According to a Form 8-K filing released today, Strategy’s total Bitcoin holdings have now reached 640,808 BTC, with an aggregate purchase price of $47.44 billion. The company’s average purchase price stands at $74,032 per Bitcoin, including fees and expenses.

The latest acquisition was funded through proceeds from Strategy’s At-The-Market (ATM) equity programs, specifically through the i

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