Skip to content
Fear & Greed30 Fear
Crypto market$2.69T−1.5%24h breadth45 up206 downBitcoin$78,654−1.6%Ethereum$2,255−2.6%Solana$98−1.7%XRP$1.27−2%BNB$716−4.8%Top gainersKNTQ$0.543+21.9%HYPE$94+18.4%RUNE$0.683+12.3%Top losersBLAST$0.000016−48%BTW$1.47−17.8%RED$0.123−16.7%StocksNVDA$214−0.8%TSLA$403−0.2%AAPL$349+1.5%MSFT$530−0.2%COIN$161−1.1%
Advertisement
Strategy acquires 525 BTC for $60M

Strategy acquires 525 BTC for $60M

Software firm strengthens its Bitcoin treasury with another multi-million dollar purchase at $111k per BTC

by Vivian Nguyen

1 min read

In Business

Share

Add us on Google

Bitcoin (BTC) price

Full chart and stats

Loading chart…

Market cap
$1.6T
24h volume
$52.2B
Circulating supply
20.1M BTC

CoinGecko data as of Oct 30, 2:27 AM EDT.

Strategy acquired 525 Bitcoin for around $60 million, according to a new SEC filing.

Advertisement

The acquisition continues the company’s strategy of accumulating Bitcoin under the leadership of Michael Saylor. The purchase price indicates an average cost of $111,196 per Bitcoin.

Strategy has been one of the most prominent corporate adopters of Bitcoin as a treasury reserve asset. The company began its Bitcoin acquisition strategy in 2020 and has made multiple purchases since then.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

More in Business

See all
Previous storyMoonPay to acquire payments firm Meso: Bloomberg