Strategy's $472M Bitcoin Buy Pushes Holdings Past 600,000 BTC

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Michael Saylor’s Strategy has made a fresh $472.5 million investment in Bitcoin to see total holdings cross 600,000 BTC amid the cryptocurrency surging past new highs last week.

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made another major investment in the asset during the week BTC surged to new historic highs of $118,000.

Strategy acquired 4,225 Bitcoin for $472.5 million last week, the company announced in a US Securities and Exchange Commission filing on Monday.

Strategy’s new Bitcoin buy averaged $111,827 per coin, with BTC surging from around $108,000 last Monday to $118,000 by the end of the week, according to CoinGecko.

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