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Strategy Expands Bitcoin Holdings to Record 649,031 BTC Despite Stock Slump
Strategy, the largest corporate holder of Bitcoin, has made a notable expansion in its Bitcoin holdings, acquiring 196 BTC for $22.1 million. This acquisition raises the company’s total Bitcoin reserve to a new high of 649,031 BTC, which now represents 3% of the total Bitcoin supply. However, the company’s stock, MSTR, has recently faced significant pressure, showing a sharp decline despite the growth in its cryptocurrency investments. Strategy’s recent purchase of 196 BTC was made at an average price of $113,048 per coin, according to a filing with the U.S. Securities and Exchange Commission (SEC) on September ... (full story)
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