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Strategy Adds 4,871 Bitcoins to Its Stash This Month
Although the crypto market has cooled off this year, Michael Saylor, the Executive Chairman of Strategy (NASDAQ: $MSTR), remains as bullish as ever. His company continues to add to its stockpile of crypto, adding 4,871 BTC thus far in April, for a total purchase price of around $330 million. With that purchase, the company now has 766,970 BTC. Its average cost is $75,644, which is still above the levels that Bitcoin is trading at right now.
With Bitcoin's valuation coming down in value this year, there has been growing skepticism about whether Strategy might unload some bitcoins in order to strengthen its financial position. Saylor previously said he expects the company to "be...