Strategy Buys $51.4 Million Worth of Bitcoin, Increasing Holdings to 629,376 BTC

Crypto firm Strategy bolsters its digital asset portfolio with a significant acquisition, purchasing 430 bitcoins for approximately $51.4 million at an average price of $119,666 per coin. This latest purchase brings the company’s total Bitcoin holdings to 629,376 BTC, valued at a staggering $46.15 billion. The acquisition also marks a notable 25.1% year-to-date yield reflecting strong institutional confidence in Bitcoin as an asset class. Strategy’s updated MSTR Equity ATM Guidance further enhances the company’s flexibility in capital market strategies through equity offerings, which has enabled them to finance recent Bitcoin purchases. This growth trajectory reflects the firm’s commitment to its Web3 strategy and positions it at the forefront of institutional investment.