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Michael Saylor's leading Strategy Company announced that it has purchased Bitcoin again! Here is the amount of the latest purchase.
Strategy, expanded its Bitcoin holdings once again by buying out 1,895 BTC for approximately 180.3 million dollars between April 28 and May 4.
Strategy Bought 1,895 Bitcoin for 180.3 Million Dollars at an Average Price of 95 Thousand Dollars
The average buy out price was $95,167 per Bitcoin, reinforcing the company's belief in Bitcoin as its primary treasury reserve asset.
This recent buy out contributes to Strategy's growing portfolio, which currently holds the largest institutional Bitcoin treasury in the world.
The purchase took place while Bitcoin continues to trade in the range of $90,000 to $95,000 amid macroeconomic uncertainty and speculation about potential Federal Reserve policy changes.
The strategy has remained consistent in its dollar-cost averaging approach, accumulating thousands of BTC since 2020 under the leadership of CEO Michael Saylor, despite the fluctuations.
The accumulation of BTC in Strategy is generally seen as an indicator of institutional sentiment towards the asset class, and this recent purchase indicates that the long-term bullish trend continues.