Strategy Inc. Expands Bitcoin Holdings Amid U.S. Political Tensions
- Strategy Inc. acquired an additional 397 Bitcoin (BTC) for approximately $45.6 million at an average price of $114,771 per BTC.
- The firm’s total Bitcoin holdings now stand at 641,205 BTC, valued at $69.17 billion.
- Strategy achieved a year-to-date Bitcoin yield of 26.1% in its latest update.
- This marks the fourth consecutive week of acquisitions by Strategy Inc., reinforcing its position as the largest corporate holder of Bitcoin.
- The acquisition was funded through internal resources and capital reserves, as confirmed by a filing with the U.S. Securities and Exchange Commission.
The recent purchase reflects Strategy’s ongoing commitment to Bitcoin amid political instability in the U.S., including a prolonged government shutdown impacting federal employees.
As of now, Bitcoin is trading around $107,600, down by about 2.5% in the last day, indicating potential sell pressure among short-term holders facing losses.(Source)
