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Michael Saylor's Strategy bought another 811 bitcoin for $65.5M. That is steady corporate treasury demand absorbing supply, and $MSTR remains the public equity expression of it. The bid matters more t

Strategy's $65.5 million purchase of 811 bitcoin signals continued corporate accumulation.

Context

What happened: Strategy, Michael Saylor's company, acquired another 811 bitcoin for $65.5 million, per its latest disclosure. Key numbers: 811 bitcoin purchased for $65.5 million. Strategy reported $19.5 billion in third quarter net income on Thursday. Why it matters: The purchase follows Strategy's reported $19.5 billion third quarter net income, continuing its bitcoin accumulation.

MSTR

$121.07

-3.60%

What changed

Strategy, Michael Saylor's company, acquired another 811 bitcoin for $65.5 million, per its latest disclosure.

Why it matters

The purchase follows Strategy's reported $19.5 billion third quarter net income, continuing its bitcoin accumulation.

Sources

theblock