Strategy acquires $22M in Bitcoin as BTC price dips below $110K

Michael Saylor’s Strategy has made a $22.1 million purchase of Bitcoin, acquiring 196 BTC as the price dropped below $110,000. This latest purchase brings Strategy’s total holdings to 640,031 BTC, acquired for about $47.35 billion at an average price of roughly $73,983 per coin. The purchase was made at an average price of $113,048 per coin during a week when BTC began above $112,000 but dipped below $110,000. Despite being one of the smallest acquisitions by Strategy in recent months, Saylor remains optimistic, predicting that Bitcoin will recover and rise toward the end of the year, influenced by increasing institutional adoption and overcoming recent market resistance. This sentiment reflects a cautious but hopeful outlook on Bitcoin’s future progression in the competitive crypto market.

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