Strategy, formerly known as MicroStrategy, has increased its cryptocurrency holdings by acquiring 130 BTC for $10.7 million. This purchase brings them closer to the 500,000 BTC mark.
Recent BTC Acquisitions
Recently, Strategy purchased 130 BTC at an average price of about $82,981. To date, the company holds 499,226 BTC, acquired at a total of $33.1 billion.
Company's Financial Strategies
The company, founded by Michael Saylor, has become globally known for its large investments in Bitcoin. Recently, Strategy outlined a plan to allocate $21 billion through a Series A Perpetual Strike Preferred Stock offering for additional Bitcoin acquisitions.
Stock Price Changes
In the past weeks, the company's stock fell to $230 amid BTC price declines. However, by Friday, it bounced back to nearly $300.
Strategy continues to strategically increase its Bitcoin reserves, looking toward long-term growth despite short-term market fluctuations.
