Strategy buys another 811 BTC for $65.5 million
BROBROK News · Based on reporting by The Block ·
Michael Saylor’s Strategy disclosed a fresh bitcoin purchase of 811 BTC for $65.5 million. The update came after the company reported $19.5 billion in third-quarter net income on Thursday.
Key points
- Strategy added 811 BTC in its latest disclosed purchase.
- The company said the acquisition totaled $65.5 million.
- The disclosure followed its third-quarter earnings report.
- Strategy remains closely watched for its bitcoin accumulation activity.
Why it matters
Strategy’s repeat bitcoin buys are closely tracked because they can affect market sentiment around BTC. The timing, following a strong quarterly profit report, also underscores how central bitcoin remains to the company’s narrative.
Original headline: “‘We found room for even more orange’: Michael Saylor’s Strategy scoops up another 811 bitcoin for $65.5 million”
Read the original on The Block
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.