Will the Bitcoin Tradition Continue Where It Left Off? How Much BTC Can Strategy Buy This Week? Here’s the Answer!
Strategy, led by big bull Michael Saylor, did not make its long-standing weekly Bitcoin purchases this week.
The company paused its weekly Bitcoin (BTC) purchases, which it announces every Monday, and did not make any new purchases this week.
The company maintained its total Bitcoin holdings at 762,099 BTC.
Looking at the company’s purchase history, it appears they have been accumulating Bitcoin regularly throughout March. Strategy purchased 1,031 BTC on March 23rd, 22,337 BTC on March 16th, and 17,994 BTC on March 9th, with their last purchases made at an average price of approximately $74,326.
Strategy has accumulated a total of 762,099 BTC through 104 separate purchases, adding Bitcoin to its portfolio at an average cost of $75,694.
While Saylor has not made any statement regarding the lack of BTC purchases this week, Strategy is expected to resume its purchases this week.
According to BitcoinTreasury.net, Strategy is expected to purchase approximately 4,535 Bitcoin next week.
According to the platform, the proceeds from Strategy’s issued preferred shares (STRC) are expected to be approximately $300 million, and this fund is expected to finance the purchase of 4,535 BTC this week.
However, this figure is only an estimate, and whether Strategy will make the purchase, or how much it will purchase, will only be known with an official announcement.
As it is known, Strategy recently raised investor funds through Stretch and continues to buy Bitcoin with these funds.
*This is not investment advice.
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