Strategy Invests $765 Million in Bitcoin: Corporate Purchases Surge

Investment firm Strategy (formerly known as Microstrategy) has significantly expanded its cryptocurrency holdings with a purchase of 7,390 bitcoins worth approximately $764.9 million. The transaction, spanning May 12 to May 18, was reported on May 19th through SEC filings. This latest acquisition brings Strategy’s bitcoin reserves to a total of 576,230 BTC, with an impressive market value exceeding $59 billion. The average purchase price was around $103,498 per bitcoin. This investment was detailed by the company’s co-founder and executive chairman, Michael Saylor.