Strategy's Bitcoin Buying Spree: A Cautionary Tale of Risk and Rebound Michael Saylor's Strategy has made headlines with its aggressive accumulation model, purchasing $370 million worth of Bitcoin at an average price of roughly $80,300 per BTC.
This move comes after a two month dry spell, during which the company's holdings suffered steep paper losses.
The recent rebound in Bitcoin's value, which has jumped over 23% in a single day, reclaiming $79,000 for the first time since May, has pushed Strategy's holdings back above its purchase price.