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Strategy buys Bitcoin again, adding 155 BTC worth about $18 million to its reserves. Purchased at an average of $116,401 per coin, this brings the company’s total holdings to around 628,946 BTC—valued at over $72 billion. As the largest corporate Bitcoin holder globally, Strategy continues to reinforce its position in the expanding crypto market.
Details of the 155 BTC Purchase and Historical Context
This acquisition follows a significant July buy of 4,225 BTC for $472.5 million. While smaller in scale, the August purchase marks an important milestone—coinciding with the fifth anniversary of Strategy’s Bitcoin treasury strategy.
Since adopting this corporate Bitcoin investment approach, Strategy has steadily grown its holdings, leveraging both large and small market opportunities. The aggregate cost of its Bitcoin stash now stands at roughly $46.1 billion, underscoring its long-term commitment to cryptocurrency as a reserve asset.
Market Impact and Institutional Crypto Adoption
The announcement has reignited discussions around institutional adoption of cryptocurrency. Michael Saylor, the architect of the Michael Saylor Bitcoin strategy, continues to advocate for Bitcoin as a hedge against inflation and a superior store of value compared to traditional assets like gold and bonds.
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Market analysts note that when Strategy buys Bitcoin, it often boosts confidence among other investors, contributing to broader market optimism. Compared to other corporate Bitcoin holders—such as Tesla and Marathon Digital Holdings—Strategy’s dominance remains unparalleled.
This move also comes during a period of price consolidation for Bitcoin, suggesting the company is strategically increasing reserves in anticipation of future market cycles.
Also Read: Bitwise: 125 Public Companies Now Hold $91B in Bitcoin
FAQs
How much Bitcoin does Strategy currently hold?
As of the latest acquisition, Strategy’s Bitcoin holdings total approximately 628,946 BTC.
Why does Strategy keep buying Bitcoin?
The company follows a Bitcoin treasury strategy to protect reserves from fiat depreciation and capitalize on Bitcoin’s long-term growth potential.
What was the average purchase price for the latest acquisition?
The 155 BTC were purchased at an average cost of $116,401 per coin.
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