Strategy Doubles Down on Bitcoin Holdings with $1.34 Billion Purchase

MicroStrategy, formerly known as Strategy, has significantly expanded its Bitcoin reserves by purchasing another large block worth approximately $1.34 billion at an average price of $99,856 per coin. This brings the company’s total holdings to 568,840 BTC, with a value now reaching $39.41 billion. However, critics warn that this approach may carry significant risk due to Bitcoin’s volatile nature.