Michael Saylor’s Strategy recently increased its Bitcoin holdings, purchasing 1,142 BTC for $90 million at a price of $78,815 per Bitcoin. This acquisition brings Strategy’s total Bitcoin holdings to 714,644 BTC, valued at approximately $49.31 billion, though the company is currently facing an unrealized loss of $5.04 billion. This purchase aligns with Strategy’s ongoing strategy of using Bitcoin as a hedge against inflation and currency devaluation, a move consistent with broader institutional trends where companies are increasingly adopting cryptocurrency as a reserve asset.
Strategy acquires 1,142 Bitcoin, boosting holdings to 714,644 BTC
