Strategy Doubles Down on Bitcoin with $285 Million Purchase

Business intelligence firm Strategy has significantly expanded its Bitcoin holdings, announcing the acquisition of an additional $285 million worth of the cryptocurrency, according to a Monday press release. The company now holds a total of 531,644 coins, boosting their position as one of the leading corporate Bitcoin investors and bringing their stake to approximately 2.5% of the crypto’s total supply (currently at around 21 million). This investment follows anticipation from Strategy co-founder Michael Saylor who teased it on his social media platform.