Strategy, the company once known as MicroStrategy, has once again expanded its bitcoin holdings. Michael Saylor, co-founder and former CEO, shared the update online, confirming another purchase that pushes the firm’s total well past half a million BTC.
Good to know
The latest acquisition included 1,895 BTC at a cost of $180.3 million. Compared to last week’s $1.4 billion purchase, this one was far more modest. Still, the company has made it clear that it will keep adding bitcoin to its balance sheet regularly.
Saylor gave a teaser about the new purchase on social media before making the full announcement. He posted a screenshot from saylortracker, a website that visually tracks the firm’s BTC buys. His comment mentioned the need for more orange dots on the chart — each dot representing a past purchase.
Since the U.S. elections, Strategy has picked up the pace of its bitcoin buying. The total stash now stands at 555,450 BTC. On average, the company has paid $68,550 per coin. The total investment sits at $38.08 billion, and with bitcoin above $94,000, Strategy’s unrealized profit has gone well beyond $14 billion.
Saylor has stayed active in the bitcoin space even after stepping down as CEO. His public posts continue to draw attention across the crypto community, especially when they hint at more BTC buys.