How Much Bitcoin (BTC) Can the Big Bull Strategy Buy This Week? Here’s the Latest Data

Strategy, led by big bull Michael Saylor, is resuming its long-running weekly Bitcoin purchases after a one-week break.

The company continued its weekly Bitcoin (BTC) purchases, announced every Monday. This week, the company stated that it purchased 4,871 BTC for approximately $329.9 million at an average price of around $67,718.

With this purchase, the company’s holdings of BTC increased to 766,970 BTC, worth $58.02 billion.

Strategy is expected to continue its purchases this week as well.

According to BitcoinTreasury.net, Strategy is expected to purchase an additional 8,000 Bitcoins next week.

According to the platform, the proceeds from Strategy’s issued preferred shares (STRC) are expected to finance the purchase of 8,000 BTC this week. However, this figure is only an estimate, and whether Strategy will actually purchase them, or how many, will only be revealed with an official announcement.

Last week, BitcoinTreasuries.net predicted, based on STRC transaction data, that Strategy might purchase approximately 4,500 Bitcoin. The company itself announced last week that it had purchased 4,871 Bitcoin.

Strategy is currently raising capital through STRC and using the proceeds to continue purchasing Bitcoin.

*This is not investment advice.

Continue Reading: How Much Bitcoin (BTC) Can the Big Bull Strategy Buy This Week? Here’s the Latest Data