Bitcoin treasury firm Strategy has acquired 850 BTC for nearly $100 million. The average price is just under $117,344. This was revealed in a press release published today, September 22nd.

Due to the recent significant drop in the Bitcoin price, Strategy has already incurred a loss of $4 million on its latest purchase. Currently trading at just under $113,000, the leading cryptocurrency is two percent below the previous week’s level.

In total, the company now holds nearly 640,000 BTC. The average price for all BTC investments is thus $73,971.

Including fees and expenses, the total costs amounted to approximately $47 billion. The firm thus generated accounting profits of nearly $25 billion, so the small loss appears negligible.

Michael Saylor’s Strategy may be the largest publicly traded BTC holder, but it’s no longer the only Bitcoin treasury firm in the global financial market. More and more public companies are developing a BTC strategy, including GameStop, Rumble, Twenty One, Nakamoto, and even the Paris Saint-Germain football club. A company in Germany is also investing in Bitcoin as part of its financial strategy