The post Strategy Spent Another $19 Million On Bitcoin, Pushing Holdings To 640,418 BTC ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Helmed by Executive Chairman Michael Saylor, Strategy has again added to its massive Bitcoin stockpile. In the week ending October 19, the Bitcoin treasury firm bought 168 BTC for $18.8 million at an average purchase price of $112,051, increasing its overall average purchase price to $74,010. Strategy Makes Another Small Step Toward 700K BTC The Tysons Corner, Virginia-based firm said it now owns 640,418 Bitcoin, which was worth around $70.8 billion based on current prices. For perspective, Strategy’s stack represents over 3% of Bitcoin’s total 21 million.  In recent months, when Strategy has raised proceeds solely from selling preferred shares, its corresponding Bitcoin purchases have been smaller than periods in which it issues common shares at a premium to relative its Bitcoin holdings to boost its holdings. The firm’s latest Bitcoin acquisition was funded with proceeds from selling $5.1 million worth of STRK, $11.2 million worth of STRF, and $2.6 million worth of STRD. Advertisement &nbsp On Sunday, Strategy’s Saylor appeared to telegraph the firm’s continuing Bitcoin-buying activity. On X, he teased the announcement on X on Sunday with the caption, “The most important orange dot is always the next,” while sharing a chart that represents Strategy’s previous Bitcoin purchases as such.  The price of Bitcoin surged above $115,000 on Oct. 13 but plummeted to as low as $103,600 on Oct. 17. On Monday, Bitcoin’s price hovered around $111,532, clawing back some losses amid hopes of an imminent rate cut. While BTC was down 3.1% over the past week, altcoins endured even greater losses,  according to crypto data provider CoinGecko. The latest Bitcoin buy followed a 220 BTC purchase for $27 million during the previous week, which came as BTC briefly smashed a new record high above $126,000 before nosediving to $110,000 in the Oct.… The post Strategy Spent Another $19 Million On Bitcoin, Pushing Holdings To 640,418 BTC ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Helmed by Executive Chairman Michael Saylor, Strategy has again added to its massive Bitcoin stockpile. In the week ending October 19, the Bitcoin treasury firm bought 168 BTC for $18.8 million at an average purchase price of $112,051, increasing its overall average purchase price to $74,010. Strategy Makes Another Small Step Toward 700K BTC The Tysons Corner, Virginia-based firm said it now owns 640,418 Bitcoin, which was worth around $70.8 billion based on current prices. For perspective, Strategy’s stack represents over 3% of Bitcoin’s total 21 million.  In recent months, when Strategy has raised proceeds solely from selling preferred shares, its corresponding Bitcoin purchases have been smaller than periods in which it issues common shares at a premium to relative its Bitcoin holdings to boost its holdings. The firm’s latest Bitcoin acquisition was funded with proceeds from selling $5.1 million worth of STRK, $11.2 million worth of STRF, and $2.6 million worth of STRD. Advertisement &nbsp On Sunday, Strategy’s Saylor appeared to telegraph the firm’s continuing Bitcoin-buying activity. On X, he teased the announcement on X on Sunday with the caption, “The most important orange dot is always the next,” while sharing a chart that represents Strategy’s previous Bitcoin purchases as such.  The price of Bitcoin surged above $115,000 on Oct. 13 but plummeted to as low as $103,600 on Oct. 17. On Monday, Bitcoin’s price hovered around $111,532, clawing back some losses amid hopes of an imminent rate cut. While BTC was down 3.1% over the past week, altcoins endured even greater losses,  according to crypto data provider CoinGecko. The latest Bitcoin buy followed a 220 BTC purchase for $27 million during the previous week, which came as BTC briefly smashed a new record high above $126,000 before nosediving to $110,000 in the Oct.…