Breaking: Strategy Buys $556 Million Worth of BTC
04/21/2025 18:58
Strategy has expanded its Bitcoin shopping spree
Strategy has expanded its Bitcoin shopping spree
Business intelligence firm Strategy has acquired an additional $555 million worth of Bitcoin, according to its Monday 8-K filing.
The leading corporate Bitcoin holder now owns a total of 538,200 coins following the most recent purchase.
As reported by U.Today, the leading cryptocurrency rallied above $87,000 earlier while the DXY was dropping to a multi-year low.
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The most recent purchase was priced in by the market, which is why the price of the leading cryptocurrency is seeing little volatility in response to the announcement.
That said, some analysts believe that Strategy's Bitcoin purchases are a major reason why the Bitcoin price remains relatively stable amid global market turbulence.