Strategy, formerly known as MicroStrategy, has made headlines with its latest Bitcoin purchase, acquiring 13,627 BTC worth $1.25 billion, making it the largest buy since July. This brings their total holdings to 687,410 BTC, valued at approximately $51.8 billion, with an average cost of $75,353 per BTC. Michael Saylor's company continues to show confidence in Bitcoin's long-term value, despite market volatility. ¹ ² ³
This move has sparked interest in the crypto community, with some viewing it as a sign of institutional investors' growing confidence in Bitcoin. Strategy's approach involves funding purchases through various means, including stock sales and convertible notes, highlighting their commitment to accumulating Bitcoin as a strategic reserve asset.