Key dealers
- Strategy bought 220 BTC for $ 27.2 million to $ 123,561 each.
- The move is part of the strategy’s ongoing focus on Bitcoin as a government debt.
Strategy bought 220 Bitcoin for $ 27.2 million at an average price of $ 123,561 per BTC between 6 and 12 October.
Strategy, a listed company that is previously known as a micro strategy that has reclassified to focus on Bitcoin Treasury management and institutional adoption strategies, continues its consistent pattern of bitcoin acquisition.
The purchase contributes to the strategy’s position as a key player in the company’s crypto holdings. The company has maintained regular Bitcoin acquisitions as part of its Treasury strategy in the midst of a growing institutional interest in digital assets.
The approach of the strategy reflects broader institutional adoption trends, with companies that are increasingly redistributing government debt against Bitcoin in response to developing economic conditions. Large investment companies have supported this state strategy through increased shares in companies that conduct similar approaches.
