Strategy Boosts Bitcoin Holdings Over 3% of Total Supply with $356 Million Purchase

Cryptocurrency company Strategy announced a significant purchase, adding 3,081 BTC to its treasury for $356.9 million. This brings their total Bitcoin holdings to over 632,457 BTC, and their holdings now represent approximately 3% of the total Bitcoin supply. The firm’s stock (MSTR) saw a decline following this latest acquisition, with it dropping over 4%. Strategy confirmed this as their fourth consecutive weekly purchase of Bitcoin, and they used proceeds from MSTR sales to fund the latest purchase. Notably, they continue to pursue their Bitcoin-first strategy, even amid market fluctuations.