Strategy ends May with $75M Bitcoin buy as price tumbles to $103K
Michael Saylor’s Strategy has continued to accumulate Bitcoin, purchasing $75.1 million worth of BTC in the last week of May as prices fell to $103,000. The company acquired 705 Bitcoin between May 26 and 30 at an average price of $106,495 per coin during an intraweek low of $103,400. This latest acquisition brings Strategy’s total Bitcoin holdings to 580,955 BTC, valued at approximately $40.68 billion with an average purchase price of $70,023. The purchase coincides with recent stock activity by Strategy director Jarrod Patten, who sold 3,750 shares worth nearly $1.4 million during the same period, creating downward pressure on Strategy's stock, which briefly fell below $360. It closed last week at $369, marking a year-to-date increase of around 23%.
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