Strategy reasserted its presence by acquiring 130 BTC for $10.7 million despite current market conditions.
Strategy's New Bitcoin Purchase
Strategy announced the acquisition of 130 BTC for $10.7 million, increasing their total holdings to 499,226 BTC. The total purchase value stands at $33.1 billion, averaging $66,360 per bitcoin.
Strategy's Fundraising Plan
To finance new bitcoin purchases, Strategy plans to issue preferred shares, raising $21 billion. The proceeds are intended for further bitcoin acquisitions and covering the company's operating expenses.
Market Situation and Investor Reactions
Despite the stock market's positive turn, bitcoin remains below its highs. Strategy keeps purchasing amid extreme fear levels in the Crypto Fear & Greed Index.
Strategy continues its strategy of aggressively acquiring bitcoin, as evidenced by recent purchases. The company's approach remains focused on leveraging stocks and debt for bitcoin concentration.
