Strategy has expanded its Bitcoin coffers with the most recent purchase of $110 million, according to a Monday announcement by co-founder Michael Saylor.
The company now holds 582,000 BTC that were acquired for more than $40.7 billion. It is now steadily approaching the 600,000 BTC milestone.
Following its latest move, the company’s average purchasing price has now climbed well above the $70,000 level. This level was surpassed for the first time with its previous purchase.
Bitcoin is currently changing hands at $107,737 after spiking by roughly 2% over the past 24 hours.
As reported by U.Today, Saylor recently predicted that the price of Bitcoin could skyrocket to $13 million in the long term.
