Michael Saylor’s approach is to buy $ 217m Bitcoin as price Holds firm

Michael Saylor’s approach, Bitcoin’s largest -owned world, continues to stack the cryptocurrency as the BTC price rose slightly last week.
The approach was obtained by 1,955 Bitcoin (Btc) for $ 217.4 million between Sept. 2 and 7, According to On a Tuesday of the US Securities and Exchange Commission Filing.
The purchase was made at an average price of $ 111,196 per coin while cryptocurrency moved up above $ 113,000 on Friday before slipping around $ 110,000, According to In coingecko.
In the new acquisition, the total bitcoin handling of the strategy reached 638,460 BTC on Sunday, bought about $ 47.2 billion and at an average price of $ 73,880 per BTC.
The latest Bitcoin purchase of the approach follows a series of purchase in August, covers approximately 7,714 btc for the month.
The company’s BTC purchase last month was smaller than previous purchases, including a BTC’s 31,466 acquisition in July and a 17,075 acquisition of the BTC in June.
The latest purchase is made with the proceeds from three of the Equity (ATM) offerings (ATMs), including Series A Perpetual Strife Preferred Stock (Strf), Series A Perpetual Strike Preferred Stock (STRK) and own average MSTR stock.
Magazine: Bitcoin can sink ‘below $ 50k’ in Bear, Justin Sun’s WLFI Saga: Hodler’s Digest, August 31 – Sept. 6