Strategy has significantly expanded its Bitcoin portfolio, purchasing an additional 4,225 Bitcoins valued at nearly $472.5 million. This acquisition brings the company’s total holdings to 601,550 BTC, worth over $73 billion at current market prices.
This marks Strategy’s first Bitcoin purchase in two weeks, following a previous acquisition of 4,980 BTC. The move underscores the company’s aggressive accumulation strategy.
Michael Saylor, Strategy’s Executive Chairman, reaffirmed his strong bullish stance on Bitcoin, challenging skeptics with the statement, ‘Short Bitcoin if you hate money.’
Strategy’s substantial Bitcoin holdings have yielded a significant 20.2% return year-to-date. This performance reflects strong institutional confidence in Bitcoin’s long-term value proposition.
The continued accumulation of Bitcoin by major institutional entities like Strategy highlights the growing adoption and positive momentum within the cryptocurrency market.