They’ve scooped up 1,955 $BTC for around $217.4M at an average price of $111,196 per coin. That brings their total holdings to a massive 638,460 Bitcoin, cementing their position as the ultimate Bitcoin whale.
Relentless accumulation continues
This does seem like a larger buy than they've been making lately. I was getting a bit worried that competition from other Treasury companies and a lack of performance have soured their ability to raise funds to buy more Bitcoin. While it is clear this is happening and I'm not sure how many more products he can sell to generate revenue for more purchases, I wish him success in pumping our bags. If he can keep the market elevated to end November at a higher price than we're at now, I think MSTR will get into the S&P500 and we'll see the mother of all buys. That will take some luck though.