Key Takeaways
- Strategy purchased 487 Bitcoins for $49.9 million at an average price of $102,557 per Bitcoin.
- The company continues to increase its corporate Bitcoin holdings through regular acquisitions.
Strategy, a publicly traded business intelligence firm, acquired 487 Bitcoin for $49.9 million at an average price of $102,557 per Bitcoin today.
The purchase reinforces Strategy’s position as a leading corporate Bitcoin holder. The company continues its pattern of regular Bitcoin acquisitions funded through common stock sales as part of its corporate treasury strategy.
Strategy has been actively expanding its corporate treasury through crypto acquisitions amid sustained institutional interest in Bitcoin. Companies are increasingly adopting the digital asset for treasury reserves as broader economic uncertainties persist.
The acquisition adds to Strategy’s substantial Bitcoin holdings, maintaining the firm’s aggressive approach to cryptocurrency investment as part of its core business strategy.
Source: https://cryptobriefing.com/strategy-acquires-487-bitcoin-for-49m-at-102k-average-price/
