Strategy notched its third smallest Bitcoin acquisition of the year on Monday, disclosing that it only bought $22 million worth of the asset, according to a press release.

The Tysons, Virginia-based firm now owns roughly 64,000 Bitcoin, which was worth $73.1 billion on Monday, as Bitcoin climbed past $114,000, according to crypto data provider CoinGecko. That sum represented around 3% of the Bitcoin that will ever be mined.

Although the Bitcoin purchase that Strategy disclosed on Monday was its smallest since mid-August, it appears that the move wasn’t a result of constrained funding because Strategy signaled that it had raised $128 million, effectively pocketing the difference.

Go to Source to See Full Article
Author: André Beganski