Like clockwork (orange): Strategy buys more bitcoin
Just like clockwork, following CEO Michael Saylor’s “Insufficient Orange” post on Sunday, Strategy announced it had acquired 6,556 bitcoin for $84,785 per bitcoin on Monday. Bitcoin was on an Easter roll over the weekend, breaking over $87,000, where it remains.
Strategy, the largest corporate bitcoin holder by far, now holds 538,200 bitcoin, acquired for $36.47 billion. This is more than the total holdings of the eight countries holding bitcoin combined, which together equal 529,705.
Meanwhile, Metaplanet purchased 330 bitcoin for $28.2 million. The Japanese company now holds 4,855 bitcoin, which it acquired for a total of $414.5 million.