Strategy Firm Acquires $76 Million in Bitcoin
- Strategy purchased $76 million worth of Bitcoin, acquiring 950 BTC at an average price of $79,670.
- This purchase increased their total holdings to approximately 846,000 BTC.
- Bitcoin’s price surged over 6% to reach $86,045 following the announcement.
- The firm has previously sold $432 million worth of Bitcoin since May under a monetization program.
This recent acquisition marks Strategy’s first Bitcoin purchase since August and reflects a shift in strategy as they manage capital more actively. The firm remains the largest corporate holder of Bitcoin, despite a previous stance against selling BTC.
Michael Saylor emphasized that his personal views on holding Bitcoin do not necessarily reflect the firm’s operations, which may include buying or selling BTC for capital management. This aligns with their ongoing commitment to Bitcoin as a treasury asset. (Source)
