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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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BREAKING: Strategy Acquires 6220 BTC for $740 Million
Publicly-traded company Strategy Inc. has acquired 6220 BTC for approximately $740 million at an average price just shy of $119,000.
The firm, spearheaded by Michael Saylor – Wall Street’s most vocal Bitcoin proponent – now holds a whopping 607,770 BTC acquired for $43.6 billion with an average price of $71,756 per coin.
This is the last in line of multiple previous acquisitions. Last Monday, the company bought another 4225 BTC before Bitcoin’s price exploded to a new all-time high.
Back then, the average price was $111,827.
Companies focused on establishing crypto treasuries are becoming more and more common. And while we’re used to seeing BTC-focused firms, ETH is also starting to attract a lot of attention. Just today, CryptoPotato reported that a Pantera-backed company called The Ether Machine plans to go public with a committed capital of 400,000 ETH.