Live updates: Bitcoin drops under $63,000 as Strategy adds $100 million BTC in latest purchase (opens original article in a new tab)

Bitcoin dropped below $63,000 after Strategy (MSTR) added $100 million BTC to its treasury, acquiring 1,550 bitcoin at an average of $65,161. The company also increased its USD reserve to $1 billion, following a previous sale of 32 bitcoin to fund a dividend.

• Strategy acquired 1,550 bitcoin for $101 million, averaging $65,161 per coin.
• The company increased its USD reserve by $100 million to $1 billion.
• Strategy sold 32 bitcoin at $77,135 to fund a dividend, causing crypto market concerns.