Strategy, Metaplanet Report New Bitcoin Purchases As BTC Slides To $113,000

Even as Bitcoin (CRYPTO: BTC) dropped to $113,000 from recent highs near $117,000, corporate crypto treasuries continue their aggressive accumulation.

What Happened: In its Form 8-K filed with the Securities and Exchange Commission on Sep. 22, Strategy (NASDAQ:MSTR) disclosed the acquisition of 850 Bitcoin.

This takes the total holdings to 639,835 BTC, acquired for around $47.33 billion at almost $73,971 per BTC.

The total purchase cost was $99.7 million, at an average price of around $117,344 per Bitcoin, inclusive of fees and expenses.

The company funded the acquisition through its …

Full story available on Benzinga.com