Strategy Buys 6,220 BTC, Boosts Bitcoin War Chest To 607,770

Strategy (NASDAQ:MSTR), a major institutional holder of Bitcoin (CRYPTO: BTC), expanded its crypto reserves this week with a fresh purchase of 6,220 BTC.

The acquisition, disclosed in a July 21 SEC filing, was made over a six-day period and cost the firm $739.8 million in cash. The company paid an average of $118,940 per coin.

With this addition, Strategy now holds a total of 607,770 BTC, purchased for approximately $43.61 billion.

The company last made headlines on July 14 when it acquired 4,225 BTC for $472.5 million also financed by cash reserves and proceeds from a February convertible note issuance.

According to internal figures shared …

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