The Business Intelligence Company strategy has purchased other $ 584 million bitcoins, increasing its total participations for over half a million BTC.
The strategy acquired 6,911 bitcoins between 17-23 March at an average price of $ 84,529 for money. This brings the company’s bitcoin reserves to 506,137 BTC purchased at a cost of $ 33.7 billion.
The strategy has aggressively accumulated from 2020 under the direction of the CEO Michael Saylor. The company considers Bitcoin as a long -term value shop to cover global inflation and uncertainty.
The funds for this last purchase of Bitcoin came from the sale of strategy of 1.975 million ordinary shares, collecting about $ 592 million and the ATM strk.
With its focus laser on Bitcoin, the strategy has become one of the main corporate example to allocate the treasure reserves in Vitcoin. Other public companies, such as Metaplanet and Semer Scientific, have followed a similar game plan on a reduced scale.
By focusing his future on the effects and adoption of the Bitcoin network as “digital gold”, the strategy aims to maximize the value of long -term shareholders. The price of the company’s shares has risen to the stars from its first btc purchase.
With Bitcoin gaining credibility between institutions, companies and even nations, the strategy remains confident in its strategy focused on Bitcoin. The latter acquisition shows the company that puts his money in which his mouth is during the maturation during the activity.