The strategy company took advantage of the Bitcoin price drop and purchased 6,911 BTC for $584 million. The average price per Bitcoin in this purchase, made between March 17th and 23rd, was $84,529. According to the US Securities and Exchange Commission (SEC) report, Bitcoin Strategy’s total assets reached 506,137 units with the recent purchase, indicating an average purchase price of $66,608 per BTC. Just a day after, Michael Saylor, the co-founder of the strategy, announced the company’s plan for reinvesting in Bitcoin. The strategy recently sold its preferred shares at $85 per share, expecting to raise $711 million in capital for the company. This amount is set to be settled by March 25th, with a significant portion likely allocated for more Bitcoin purchases. Despite concerns about the trade war and new tariffs, the strategy continues to pursue buying at the bottom price. Analysts have warned that these economic concerns could pressure financial and crypto markets at least until early April. However, some experts believe that if these concerns decrease after April 2nd, the market could see an upward trend again. You can track the prices of all tokens and cryptocurrencies live on the ‘real-time cryptocurrency prices’ page.
