Strategy, founded by Michael Saylor, is actively increasing its Bitcoin reserves, reporting new purchases and valuation growth.
New Bitcoin Purchases by Strategy
Michael Saylor, co-founder of Strategy, announced plans for another Bitcoin purchase as the company's total assets exceeded $71 billion. The latest purchase occurred on July 14, when the company acquired 4,225 BTC for $472.5 million, increasing its holdings to 601,550 BTC.
Company Valuation Growth Amid the Crypto Market
Strategy's stock price surged by 21.52% over the past month, which brought the company's total valuation to over $118 billion. This growth coincided with an increase in the overall crypto market capitalization, which also surpassed $4 trillion.
Impact on Traditional Investments
It has been noted that institutions like Vanguard began investing in Strategy, indicating Bitcoin's integration into traditional financial instruments. The investment firm Vanguard now holds 20 million shares of Strategy, representing about 8% of the company.
Strategy continues to strengthen its position as a leader in Bitcoin purchases, reflecting the growing interest in this asset among traditional investors.
