Strategy Secures Record-Breaking Bitcoin Reserves Amidst Industry Surge

Strategy has made headlines by significantly increasing its Bitcoin holdings, purchasing an impressive 705 BTC recently. The company’s SEC filings reveal the acquisitions were made at a weighted average price of $106,495 per Bitcoin, resulting in a $75.1 million investment. This move propels Strategy’s Bitcoin reserves past the $60 billion mark despite the purchase cost coming in at approximately $40.7 billion. The company now holds roughly 2.8% of the total Bitcoin supply. Company founder and chairman Michael Saylor hinted at the acquisition by stating, “Orange is my favorite color.” , adding further intrigue to this landmark deal.