Strategy Doubles Down on Bitcoin, Acquires $1.4 Billion Worth of Cryptocurrency

Strategy (MSTR) recently purchased an additional 15,355 BTC worth $1.42 billion, pushing its total holdings to over $37.9 billion. The latest acquisition followed a series of weekly purchases in April, as the firm seeks to further solidify its position within the cryptocurrency market. The company’s recent activity reflects a bullish sentiment toward Bitcoin and comes at a time when it has secured a significant portion of BTC’s supply for its treasury. This move is strategic as MSTR aims to capitalize on the growing DeFi ecosystem while potentially offering passive income through its 8% preferred stock, STRK.