Michael Saylorโs Strategy, one of the worldโs largest corporate Bitcoin investors, slowed its BTC purchases last week as the cryptocurrency briefly surged above $97,000.
Strategy acquired 1,895 Bitcoin (BTC) for $180.3 million during the week from April 28 to May 4 at an average price of $95,167 per BTC, the firm announced in its latest Form-8 filing with the US Securities and Exchange Commission.
Strategyโs latest Bitcoin purchase is one of the smallest made by the company this year, alongside a comparatively meagre 130 BTC purchase in March.
The latest buy is 87% less than the previous purchase of 15,355 BTC announced last Monday.
Semler boosts buying despite rising prices
While Saylorโs Strategy cooled its Bitcoin buying spree last week, others upped their appetite for BTC.
Semler Scientific, a publicly traded US healthtech firm, bought 167 Bitcoin for $16.2 million in the period from April 30 to May 2 at an average purchase price of $97,093 BTC.
Announced on May 5, the purchase by Semler was up at least 50% from the previous 111 BTC purchase by the firm announced on April 25.
As of May 2, Semler held 3,634 BTC, acquired for an aggregate of $322.3 million at an average purchase price of $88,668 per BTC.
Semlerโs Bitcoin holdings are considerably smaller than Strategyโs, which held 555,450 BTC as of May 4, acquired for $68,550 per BTC.
This is a developing story, and further information will be added as it becomes available.
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