$BTC Company Strategy of Michael Saylor has increased its bitcoin treasury by purchasing 10,624 BTC for ~$962.7 million. The average price was $90,615 per coin.
The firm's cryptocurrency reserve volume reached 660,624 BTC — about $59.5 billion at the exchange rate at the time of writing. Since August 2020, Strategy has spent a total of ~$49.35 billion on acquiring digital gold.
The company's recent purchases were financed by selling shares of STRD and MSTR through the market offering program (ATM).
In early December, Strategy formed a cash fund of $1.44 billion for "stable and continuous" dividend payments in case of a drop in the price of the first cryptocurrency.
Analysts at CryptoQuant viewed this step as preparation for a prolonged bear market. Moreover, Strategy's management confirmed their readiness to sell cryptocurrency if necessary. Previously, Saylor had repeatedly stated that the company's policy does not foresee such steps.
