Strategy’s Bitcoin Holdings Hit New ATH After 1,037 BTC Purchase

The world’s largest corporate holder of bitcoin doesn’t seem too threatened by the rather negative developments within crypto and, for that matter, all financial markets over the past few weeks.

Michael Saylor’s brainchild has ramped up its efforts, spending $82 million to acquire more than 1,000 BTC. Consequently, the company’s holdings have reached a new all-time high of 850,364 units, acquired for $64.14 billion at an average price of $75,456 per unit.

With bitcoin’s latest leg down that pushed it to under $74,000 earlier today and $74,800 as of press time, Strategy’s massive bitcoin stash has turned slightly red.

Nevertheless, the company has also continued to repurchase STRC, rebuying another $188 million worth of the stock. Its price has recovered swiftly from the summer slumber and closed at $99.80 on Friday despite the broader Wall Street crash that wiped out $3 trillion from the S&P 500 alone on Thursday.

Strategy missed a few weeks in October but returned at the start of November with fresh BTC purchases. As reported last Monday, the Nasdaq-listed entity accumulated 810 units for $65.5 million.