Strategy Buries Bitcoin Dip: Acquiring $1.44B in Reserves

Crypto giant, Strategy, has taken advantage of the recent market downturn to bolster its Bitcoin reserves, purchasing an additional 130 BTC worth approximately $11.7 million, bringing its total holdings to a remarkable 650,000 BTC. This strategic move increases the company’s overall investment in Bitcoin to nearly $48 billion with an average acquisition price of $74,436 per coin. The announcement comes alongside the establishment of a new $1.44 billion USD reserve fund and an updated FY 2025 outlook.