Bitcoin Falls to $88K Strategy Pours Another $108M Adding 1,229 BTC

Bitcoin slid toward the 88,000priceonMondayasStrategyInc.disclosedanotherlargepurchaseofthecryptocurrency,showingthecontrastbetweenshorttermmarketweaknessandcontinuedinstitutionalaccumulation.AccordingtoaDecember29filingwiththeU.S.SecuritiesandExchangeCommission,Strategyacquired1,229bitcoinovertheweekendingDecember28,spendingabout88,000 price on Monday as Strategy Inc. disclosed another large purchase of the cryptocurrency, showing the contrast between short-term market weakness and continued institutional accumulation. According to a December 29 filing with the U.S. Securities and Exchange Commission, Strategy acquired 1,229 bitcoin over the week ending December 28, spending about 108.8 million at an average price of $88,568 per coin, including fees and related costs. Source: SEC filling The purchase ...