Michael Saylor’s Technique, the world’s biggest holder of Bitcoin, continued stacking the cryptocurrency as the BTC rate edged up a little recently.
Technique got 1,955 Bitcoin (BTC) for $217.4 million in between Sept. 2 and 7, according to a Tuesday United States Securities and Exchange Commission filing.
The purchase was made at a typical rate of $111,196 per coin as the cryptocurrency briefly rose above $113,000 last Friday before slipping to around $110,000, according to CoinGecko.
With the brand-new acquisition, Technique’s overall Bitcoin holdings amounted to 638,460 BTC since Sunday, bought for around $47.2 billion and at a typical rate of $73,880 per BTC.
Technique’s most current Bitcoin purchase follows a series of buys in August, amounting to around 7,714 BTC for the month.
The business’s BTC purchasing last month was considerably smaller sized than previous purchases, consisting of a huge 31,466 BTC acquisition in July and a 17,075 BTC acquisition in June.
The current purchase was used profits from 3 of Technique’s at-the-market (ATM) equity offerings, consisting of the Series A Continuous Strife Preferred Stock (STRF), the Series A Continuous Strike Preferred Stock (STRK) and its own Typical A stock MSTR.
Publication: Bitcoin might sink ‘listed below $50K’ in bear, Justin Sun’s WLFI legend: Hodler’s Digest, Aug. 31– Sept. 6