Bitcoin Magazine Bitcoin Price Surged Above $106,000 As Strategy Buys 487 More Bitcoin

Bitcoin’s price climbed above $106,000 on Monday as Strategy, the world’s largest corporate holder of Bitcoin, announced its latest acquisition of 487 BTC for approximately $49.9 million.

According to an SEC filing, the purchases were made between November 3 and November 9 at an average price of $102,557 per Bitcoin, inclusive of fees and expenses.

The business intelligence firm’s total Bitcoin holdings have now reached 641,692 BTC, acquired for an aggregate purchase price of $47.54 billion at an average price of $74,079 per Bitcoin. This latest purchase marks Strategy’s largest Bitcoin acquisition since late September, demonstrating the company’s continued commitment to its Bitcoin treasury strategy.

See Full Page