Strategy continues its regular purchases of Bitcoin despite limited buying volumes and changes in its share sale strategy. Key points on current investments and the firm's strategy.
Regular BTC Purchases by Strategy
Strategy announced its intent to add 430 BTC to its portfolio, representing a relatively small increase. Following this purchase, the total volume of BTC held by the company reached 629,376 BTC. This transaction cost approximately $51.4 million, corresponding to $119,666 per Bitcoin.
New Approach to MSTR Share Sales
The company has also revised its approach to selling MSTR shares due to their declining value. Shares will be sold based on market conditions and demand, which may affect the ability to continue acquiring BTC. Currently, the strategy states that proceeds from share sales will not be directed towards Bitcoin purchases.
Trends Among Other Crypto Companies
Alongside Strategy's active BTC purchases, other companies are also increasing their holdings. In total, 29 new companies added 3,900 BTC to their assets last week. This activity may indicate that companies want to strengthen their positions in the cryptocurrency market.
Despite ongoing challenges and strategy shifts, Strategy continues to invest actively in Bitcoin. This reflects a sustained confidence in cryptocurrency as an asset, which could have a noticeable impact on the market overall.
