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Strategy Buys $740M in Bitcoin as BTC Hits $122K High
On July 21, it was reported that Strategy, a firm led by Michael Saylor, has made another significant investment in the digital currency market. The company acquired 6,220 units of Bitcoin (BTC) for approximately $739.8 million. This transaction is remarkable not only due to its sheer magnitude but also because it took place during a period when the price of Bitcoin reached an all-time high of over $122,000.
According to the details provided in a recent SEC filing, Strategy’s latest investment brings its total holdings up to 607,770 BTC, with a combined value of more than $43.6 billion. The average cost per coin is now $71,756, demonstrating the significant growth potential of Bitcoin.
Source: coinchapter.com
