Saylor’s strategy resumes his Bitcoin accumulation spree by purchasing 4,871 Bitcoin



The company’s total stash has risen to nearly 767,000 BTC.

After a brief weekly break without any purchases, Nasdaq-listed Michael Saylor resumed its tradition of announcing new purchases on Monday.

The latest transaction was completed last week at average prices of $67,718 per unit and the strategy saw 4,871 BTC accumulated for approximately $330 million.

The world’s largest bitcoin holder now owns 766,970 bitcoins, acquired for $58 billion at $75,644 per unit. This means that the company is still in the red regarding its position, despite today’s price pump of about $70,000, as its wealth now stands at about $53.3 billion.

Strategy’s main stock price (MSTR) jumped nearly 4% in pre-market trading, but has fallen from roughly $160 to $124.54 since the beginning of the year.

Company co-founder and former CEO, Michael Saylor, linked In another online spat with frequent Bitcoin critic Peter Schiff over the cryptocurrency’s 5-year returns.

The duo compared Bitcoin’s performance to gold, stocks and silver, with Schiff claiming that the cryptocurrency increased only 12% in that time, while Saylor pointed to a higher annual return chart starting in August 2020 when his company began its accumulation spree.

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