Strategy Buys $11.7 Million in Bitcoin, Signaling Long-Term Commitment

Cryptocurrency giant Strategy has continued to build its Bitcoin holdings with a recent purchase of 130 BTC worth approximately $11.7 million. This acquisition brings Strategy’s total Bitcoin holdings to over 650,000 coins, demonstrating the company’s dedication to long-term investment in the digital asset. The purchase was made at an average price of around $89,960 per bitcoin, showcasing a strong belief in Bitcoin’s future value even when prices exceed their initial acquisition cost.