Michael Saylor’s Strategy Purchases 6,220 BTC, Total Holdings Now 607,770 Worth $72 Billion
Michael Saylor’s Strategy added 6,220 Bitcoin in the week ending July 20, bringing total holdings to 607,770 BTC. The recent acquisitions were made at an average price of $118,940 per coin, costing approximately $740 million.
With Bitcoin trading above $118,000, the company’s Bitcoin portfolio is currently valued near $72 billion. The coins were originally purchased at an average cost of $71,756 each, totaling $43.6 billion.
The latest Bitcoin purchases were funded primarily through the sale of $736.4 million in common stock, along with $4 million raised from sales of preferred shares.
Following the announcement, Strategy’s shares rose 1.9% in premarket trading.
