Strategy, an enterprise software company and the world’s largest corporate Bitcoin holder, announced Monday it had added 855 BTC to its balance sheet for $75 million last week, spending an average of roughly $88,000 per coin.
Bitcoin was trading at $77,800 at press time, down roughly 10% in the last seven days, TradingView data shows.
MSTR, which usually moves in line with Bitcoin, was down 7% in premarket trading today, after closing up 4.5% last Friday, per Yahoo Finance.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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