Strategy Inc. Doubles Bitcoin Holdings Despite Market Downturn

Strategy Inc., led by Michael Saylor, recently acquired $835.6 million worth of Bitcoin, bringing its holdings to 650,000 BTC. This move demonstrates the company’s strategic approach to building a diversified crypto portfolio amidst market volatility. The acquisition has led to a slight dip in Bitcoin price from above $99,000 to near $94,000, sparking speculation about the strategy behind the movement of Strategy Inc.’s on-chain wallet. However, experts have clarified that the drop is primarily due to rebalancing and not sales. This acquisition underscores the growing institutional interest in Bitcoin.