Strategy Boosts Bitcoin Holdings With Latest $739.8 Million BTC Purchase
Summary
Strategy, the largest corporate holder of Bitcoin, purchased 6,220 BTC for $739.8 million, bringing its total to 607,770 BTC, valued at over $72 billion. The average purchase price for its holdings is $71,756 per Bitcoin. Bitcoin recently reached a high of $122,838 but was trading at about $118,980. Strategy, originally a software firm, shifted to Bitcoin investments in 2020 to enhance investor returns. Its stock has surged 2,867% since adopting this strategy. Other Nasdaq-listed companies have also begun acquiring Bitcoin and rebranding as Bitcoin treasury firms.
