title: Strategy Buys the Dip, Acquiring 6,556 Bitcoin in a $555.8M Purchase

Strategy, previously referred to as MicroStrategy, has purchased an additional 6,556 Bitcoin in a $555.8 million acquisition.

MicroStrategy (NASDAQ: MSTR) has continued its staggering Bitcoin buying spree, adding 6,556 BTC in a recent acquisition.

MicroStrategy (NASDAQ: MSTR) has continued its staggering Bitcoin buying spree, adding 6,556 BTC in a recent acquisition.

The company acquired the Bitcoins at an average price of $84,785 over the period of April 14 – 20. The latest move takes the company’s total BTC to 538,200.

According to company reports, Strategy has paid around $36.47 billion buying its Bitcoin reserves at an average of $67,766 per coin. The company is still the largest public company to hold Bitcoins, way ahead of rivals such as (NYSE:MARA).

This is the second straight week Strategy has bought Bitcoin. Two weeks ago, the company acquired nearly 3,460 BTC for over $280 million. The company has also posted a 12% Bitcoin return since the beginning of the year.

Strategy Is Planning To Raise $20 Billion For Additional Buying

The firm has no indication of decelerating its Bitcoin buying strategy. According to reports, Strategy plans to raise over $20 billion from the sale of stock to finance future Bitcoin buys. This aggressive buying persists even as Bitcoin’s relatively flat performance in recent months.

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