Strategy Acquires $11.7 Million Worth of Bitcoin Amidst Market Turmoil

As November draws to a close, Bitcoin (BTC) saw significant price fluctuations, culminating in a daily low of $84,756. This turbulent market prompted Strategy, Michael Saylor’s company, to take action by purchasing 130 BTC worth an average of $89,960, amounting to $11.7 million. This strategic move significantly boosts their holdings to a record-high of 650,000 BTC. Given Bitcoin’s limited maximum supply and even tighter circulating supply, the purchase signifies a substantial investment.