Strategy Acquires 22,337 BTC for $1.57 Billion – Total Holdings Reach 761,068 BTC

tldr; Strategy Inc. (formerly MicroStrategy) has acquired an additional 22,337 Bitcoin for $1.57 billion at an average price of $70,194 per BTC. This purchase brings the company’s total Bitcoin holdings to 761,068 BTC, acquired at a cumulative cost of $57.61 billion with an average acquisition price of $75,696 per BTC. The acquisition reflects Strategy’s ongoing commitment to Bitcoin as its primary treasury reserve asset and reinforces its position as a major institutional holder of the cryptocurrency.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

It’s useless anyway the price is manipulated Bitcoin is in shit since the institutions arrived to appropriate it

Either they stop their bullshit and let Bitcoin go up and make its life, or we will have to forget it the time necessary to show them that they are not (yet) the owners

This could be the biggest collapse of all time and I’m here for it.

Where did our money go Michael?

I don’t know. People just stopped buying it.

Well then sell it

I’m trying!!

With spiking energy prices, miners are going to sell more to pay expenses, more sell pressure, every dollar that is spent on BTC goes into paying for the energy to run the miners and the exchanges to run the markets. Nothing is keeping this afloat other than more incoming money, eventually the music is going to stop, there is no yield on this. Saylor is probably accelerating this eventuality, lets see the chaos onfold.

Now imagine if everyone sold their homes to buy bitcoin….home prices implode and we all go to the moon

Ugh

Leave some for the rest of us, Michael