Strategy Accumulates Further Bitcoin Holdings, Reaching Over 636,000 BTC

Michael Saylor, founder and executive chairman of Strategy, announced the company’s latest acquisition of 4,048 bitcoins last week for a total of $449.3 million, at an average purchase price of $110,981 per coin. This brings their Bitcoin holdings to over 636,505 BTC, acquired at a combined cost of roughly $46.95 billion. Strategy’s consistent and aggressive accumulation strategy has positioned them as a leading corporate backer of the cryptocurrency.