Strategy (NASDAQ:MSTR) on Monday announced it has added another 4,225 Bitcoin (CRYPTO: BTC) to its already dominant crypto treasury, spending approximately $472.5 million at an average price of $111,827 per coin.
The purchase was disclosed Monday morning in a Form 8-K filing with the U.S. Securities and Exchange Commission.
The acquisition pushes Strategy’s total holdings to 601,550 BTC, acquired for roughly $42.87 billion at an average price of $71,268 per Bitcoin.
The announcement comes amid Bitcoin’s recent surge past $122,000, underscoring Strategy’s aggressive buy-the-dip approach that now spans across more …