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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Michael Saylor Says '2nd Century Begins' as Strategy Buys $1.28B of BTC to Mark the 101st Purchase

Michael Saylor Strategy Bitcoin X
Michael Saylor's MicroStrategy owns over 738,731 Bitcoins. (Credit: X.com)

Bitcoin prices surged over 4% on Tuesday to more than $70,000 per token, a day after Michael Saylor's Strategy disclosed buying 17,994 BTC for a whopping $1.28 billion over the last week.

Strategy now holds 738,731 bitcoins valued at over $56 billion. At the same time, the company is likely carrying an unrealised loss of $5.5 billion on its holdings.

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