Strategy Adds More Bitcoin as Saylor Reveals Latest Buy

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The total holdings are above 712,000 BTC now.

Despite the ongoing broader market correction and the growing geopolitical uncertainty, Michael Saylor’s brainchild continues to amass BTC on a frequent basis.

The largest corporate holder of bitcoin announced a new purchase minutes ago, which was evidently completed last week when the asset traded above $90,000.

Strategy has acquired another 2,932 BTC for $264.1 million at an average price of just over $90,000 per unit. Its total holdings have shot up to 712,647 BTC, bought for $54.19 billion. Given the cryptocurrency’s current price tag of under $88,000, this means that stash is worth around $62.3 billion.


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Some analysts have expressed concern at BTC’s inability to hold prices above $112,000 and its frequent revisits to the range lows, but the range compression shown by the four-hr and daily higher lows and lower highs (candlestick chart below) could be a positive sign. 

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