In January, Strategy accounted for a staggering 93% of all Bitcoin purchases among digital asset treasuries, acquiring 40,150 Bitcoin compared to just 3,080 Bitcoin bought by its competitors. This marked Strategy’s busiest month in a year and solidified its position as the market leader for the fourth consecutive month, even as other firms reduced their holdings, including miners like Riot Platforms and Bitdeer. Despite these impressive numbers, the firm faces scrutiny due to a 70% drop in its stock price over the past six months and a recent fourth-quarter loss of $12.4 billion, prompting concerns about the sustainability of its business model.
Strategy accounts for 93% of Bitcoin purchases by digital asset treasuries in January
