Company Strategy continues to expand its investments in Bitcoin, having acquired 6,220 BTC for approximately $739.8 million, solidifying its market position.
New Acquisition by Strategy
According to filings with the U.S. Securities and Exchange Commission, the purchase was made at an average price of $118,940 per BTC, slightly below last week's peak of over $122,000.
Total Bitcoin Holdings
Following this latest acquisition, Strategy's total Bitcoin holdings have risen to 607,770 BTC. The average acquisition price stands at $71,756 per coin, with cumulative investments in Bitcoin now around $43.6 billion.
Market and Expert Opinions
Despite market volatility, Strategy is steadfast in its asset accumulation. Concurrently, Michael Saylor criticized the trend of onchain proof-of-reserves among institutions, warning of significant security risks. This stance reinforces Strategy's commitment to its long-term Bitcoin investment strategy.
Strategy's approach to increasing its Bitcoin holdings highlights its confident position in the digital asset market amidst various risks and external factors.
