Strategy continues to pursue its Bitcoin-focused strategy by acquiring an additional 130 BTC, bringing total holdings to 499,226 BTC.
Acquisition of New Bitcoins
Strategy acquired 130 bitcoins for approximately $10.9 million, increasing the company’s total holdings to 499,226 BTC. This purchase was made at an average price of around $83,000 per bitcoin, totaling approximately $41.5 billion based on current market prices.
Company Strategy and Bitcoin's Role
This purchase aligns with the company's long-standing Bitcoin-focused treasury strategy. Strategy began accumulating Bitcoin in 2020 despite market volatility. CEO Michael Saylor describes Bitcoin as 'digital gold,' emphasizing its decentralized nature and scarcity as key factors in its long-term value proposition.
Growing Interest in Bitcoin
The company’s total Bitcoin holdings now account for approximately 2.38% of the total Bitcoin supply, solidifying its position as the largest corporate holder of Bitcoin globally. The company has funded its purchases through low-interest debt and bond issuances, continuing to demonstrate confidence in Bitcoin’s long-term growth potential as a strategic asset.
The latest acquisition by Strategy reflects growing corporate interest in Bitcoin and signals continued confidence in the asset's future.
