The American company of Michael Saylor, the largest business owner of Bitcoin in the world, has again made a big purchase. While the US central bank reduced interest rates last week, Strategy bought nearly 100 million dollars in extra bitcoin.
Strategy adds 850 Bitcoin to stock
According to a report to the American stock market watchdog SEC, it was 850 Bitcoin for an amount of $ 99.7 million. The purchase was made at an average price of $ 117,344 per coin.
Saylor and Strategy seem to have a hand to buy at the wrong time. It regularly happens that the Bitcoin course falls firmly after the largest Bitcoin company in the world presses on the buying button. Even now that has happened again with the current rate of $ 113,000.
Total stock nearly 640,000 Bitcoin
Due to the new purchase, the company now owns a total of 639,835 Bitcoin. About 47.3 billion dollars was paid for this. The average purchase price is therefore 73,971 dollars per coin.
Although Saylor is known for large purchases, the pace of the last months is clearly lower. In September, the company bought 3,330 Bitcoin, a sharp fall compared to the 7,714 coins in August and the 31,466 coins in July.
Less tension in the market
Saylor pointed out in a recent interview that the market has become less mobile. The influx of large institutional investors would temper the fluctuations in the Bitcoin course.
“If the large settings get in and the volatility drops, it gets boring for a while. And if it gets boring, the adrenaline also disappears,” says Saylor.
Despite the decreasing tension, he remains convinced of the long -term value of Bitcoin and continues his purchase strategy.
Source: https://newsbit.nl/michael-saylors-strategy-koopt-100-miljoen-aan-bitcoin/
