Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest publicly traded holder of bitcoin, expanded its cryptocurrency reserves again last week, purchasing more than $1.5 billion worth of bitcoin in one of its largest acquisitions on record. According to a filing with the US Securities and Exchange Commission on Monday, the company bought 22,337 bitcoin for approximately $1.57 billion between March 9 and March 15. The purchase was made at an average price of $70,194 per coin, bringing Strategy’s total bitcoin holdings to 761,068 BTC. The company said the combined holdings were acquired at an average purchase price of $75,696 per bitcoin, representing a total cost of roughly $57.6 billion, including fees and expenses.
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