Breaking: Strategy Announces Massive Bitcoin Purchase
04/14/2025 19:04
Strategy now holds more than 530,000 Bitcoins
Strategy now holds more than 530,000 Bitcoins
Business intelligence firm Strategy has purchased an additional $285 million worth of Bitcoin (BTC), according to a Monday announcement.
The company's total holdings have now swelled to 531,644 coins. The leading corporate Bitcoin holder now accounts for 2.5% of the cryptocurrency's total supply.
As reported by U.Today, the massive buy was widely expected after it was teased by Strategy co-founder Michael Saylor on his social media profile.
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The company's average purchasing price is now approaching the $68,000 level.
The price of Bitcoin is currently sitting slightly below the $85,000 level with little volatility ahead of the upcoming U.S. market open. Despite its significant size, Strategy's purchase has expectedly had a negligible impact on the price action.
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Meanwhile, Strategy's shares are up by roughly 4% in pre-market trading.