Despite Bitcoin's sideways movement, Strategy buys 1,229 additional BTC [Decenter Market Report]

With Bitcoin (BTC) hovering around the $87,000 level, Strategy, the world's largest publicly traded Bitcoin (BTC) holding company, has begun additional purchases. It appears it is continuing its BTC holding strategy even amid price corrections.

According to CoinMarketCap, a global cryptocurrency market monitoring site, as of 8:00 AM on the 30th, BTC was trading at $87,196.61, down 0.44% from the previous 24 hours. Ethereum (ETH) was trading at $2,936.89, down 0.10%. BNB fell 0.70% to $852.41, and XRP fell 0.58% to $1,850. Solana (SOL) was trading at $123.26, down 0.16%.



The domestic market is also trading sideways. On Bithumb, BTC is trading at 127,276,000 won, up 0.18% from the previous 24 hours. ETH is up 0.61% at 4,281,000 won, and XRP is down 0.41% at 2,701 won.

According to a disclosure on the 29th (local time), Strategy purchased 1,229 BTC last week for approximately $108.8 million. The average purchase price was $88,568 per unit. This purchase brought Strategy's total BTC holdings to 672,497. The cumulative purchase amount was $50.44 billion. The average purchase price was $74,997 per unit. This transaction was financed through the sale of $108.8 million worth of Class A common stock. Meanwhile, Strategy's stock price fell 2.15% to $155.39 on the same day.

Cryptocurrency investor sentiment remains at a state of "extreme fear." The fear and greed index from cryptocurrency data analysis firm Alternative.me remains at 24 points, unchanged from the previous day. A reading closer to zero indicates a weakened investor sentiment, while a reading closer to 100 indicates overheated markets.

Reporter Do Ye-ri