Strategy Buys Another $1.34B in Bitcoin, Increasing Holdings to Over $59 Billion

Cryptocurrency giant Strategy, formerly known as MicroStrategy, has doubled down on its investment strategy by acquiring another $1.34 billion worth of Bitcoin. The company disclosed this latest buy through a recent SEC filing, encompassing 13,390 BTC purchased between May 5th and May 11th for an average price of $99,856 per bitcoin. This brings Strategy’s total Bitcoin holdings to over 568,840 BTC, acquired at an average cost of $69,287 – a significant investment worth over $59 billion.