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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Michael Saylor's Strategy Sold 32 Bitcoin at $77,135 — Then Piles $101 Million Back in at $65K

Experts believe crypto investors failed the BTC IQ test after investors lost money in the latest crash. (Credit: X.com)

Days after Michael Saylor's Strategy offloaded 32 BTC at $77,135 per token, the largest corporate BTC holder in the world disclosed in a Monday 8-K filing with the US Securities and Exchange Commission (SEC) that it purchased 1,550 Bitcoins at an average price of $65,332 per token between 1 June and 7 June.

The purchases were funded using proceeds from at-the-market sales of its class A common stock. Last week, the company sold over 1.4 million class A shares for around $181 million in proceeds. Nearly $26 billion of the MSTR stock remains available for issuance under that programme, according to the filing.

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