Michael Saylor’s Strategy Amasses $50M Bitcoin Holdings With New Acquisition

Strategy, the investment firm led by Michael Saylor, expanded its cryptocurrency portfolio with a recent acquisition of 487 Bitcoin worth approximately $50 million. This purchase follows an increase in activity from the firm, pushing their total holdings to over 641,692 BTC worth more than $67 billion at the time of this writing. Their latest investment is part of a trend of increased Bitcoin buying by major players like Strategy, which has seen institutional investors follow its lead and seek similar exposure through publicly traded funds.