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Strategy's Bitcoin Buying May Reach $30 Billion
The Block·
JPMorgan analysts report that Michael Saylor's Strategy has significantly accelerated its Bitcoin accumulation this year. The company has already acquired 145,834 Bitcoin, valued at approximately $11 billion, year-to-date. If this pace persists, Strategy's Bitcoin purchases could total around $30 billion annually. This figure substantially surpasses the roughly $22 billion invested in each of the previous two years, indicating a strong resurgence in the company's digital asset strategy. Much of this recent acquisition occurred when Bitcoin's price was below Strategy's estimated average purchase cost.
Tags
fintech
crypto
investment
Original Source
The Block — theblock.co