Saylor’s Strategy buys $90M in Bitcoin as price trades below cost basis - Source: CoinTelegraph

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, added another tranche of BTC last week, expanding its holdings without pushing its overall cost basis lower.

Strategy acquired 1,142 Bitcoin for $90 million last week,accordingto a US Securities and Exchange Commission filing on Monday.

The acquisitions were made at an average price of $78,815 per BTC despite Bitcoin trading below that level for most of the week and briefly touching $60,000 on Coinbase last Thursday.

Story continues: https://cointelegraph.com/news/saylor-strategy-1142-bitcoin-purchase-79k-per-btc