Technique, previously MicroStrategy, disclosed its ninth consecutive weekly bitcoin buy, marking the corporate’s one hundredth purchase since adopting BTC as its major reserve asset in 2020.
The acquisition got here as bitcoin fell beneath $67,000 and briefly traded close to $65,000.
Buy particulars
An SEC submitting exhibits Technique purchased 592 BTC between Feb. 16 and Feb. 22 for $39.8 million.
The corporate paid a mean of $67,286 per bitcoin.
Technique now holds 717,722 BTC acquired for $54.56 billion at a mean value of $76,020 per coin, based on the submitting.
Funding and Saylor’s put up
The submitting stated Technique funded the purchase by promoting 297,940 MSTR shares for web proceeds of $39.7 million.
Michael Saylor hinted on the buy in a Sunday put up on X.
He wrote:
“The Orange Century.”
Market response
The disclosure landed as bitcoin’s value motion remained weak after sliding from round $68,000 over the weekend.
MSTR additionally traded decrease alongside BTC.
TradingView information cited within the report confirmed MSTR close to $128, down over 2% from final week’s shut of $131.