Michael Saylor’s Strategy, the world’s largest corporate Bitcoin investor, bagged a fresh stash of BTC as the price briefly surged above $110,000 last week.
Strategy acquired 4,020 Bitcoin (BTC) for $427.1 million between May 19 and 23, the company announced on May 26.
The latest purchases were made at an average price of $106,237 per coin, with Bitcoin smashing past $110,000 on May 22.
The acquisition marked the fourth Bitcoin purchase by Strategy in May, bringing Strategy’s total BTC holdings to 580,250 BTC, acquired for about $40.6 billion at an average price of $69,979 per coin.
Strategy director sells 2,650 MSTR shares
Strategy’s new Bitcoin acquisition followed a series of Class A sales by Strategy director Jarrod Patten.
According to a Strategy report of the proposed sale of securities filed on May 22, Patten sold 2,650 MSTR shares in the period between May 16 and 21, worth nearly $1.1 million.
Since