Strategy Acquires $75 Million Worth of Bitcoin, Expanding Holdings to Over 580,000 BTC

Michael Saylor’s company, Strategy, has made a significant investment in bitcoin by purchasing an additional 705 coins for $75.1 million. This brings their total holdings to over 580,955 bitcoins, solidifying their position as a leader in institutional crypto investments. The move highlights Saylor’s continued confidence in the long-term potential of Bitcoin despite market volatility. 705 BTC was acquired between May 26 and June 1 at an average price of $106,495 per coin.