Investment firm Strategy has acquired 245 Bitcoin (BTC) at an average price of $105,856 per BTC, representing a total investment of approximately $24.8 million.
This acquisition increases Strategy’s total Bitcoin holdings to 592,345 BTC. The purchase occurred during a week marked by significant market volatility, where Bitcoin’s price temporarily fell below $100,000.
The downward price pressure was attributed to broad risk-off sentiment influenced by heightened geopolitical tensions in the Middle East, which saw Bitcoin decline roughly 5.6%. Concurrently, haven assets like gold and oil experienced price gains.
Strategy’s move aligns with a broader trend of sustained corporate interest in Bitcoin acquisition, including recent significant purchases by other firms such as Metaplanet and Méliluz S.A.
This consistent accumulation by institutional players demonstrates robust confidence in Bitcoin’s long-term value proposition, even amid short-term market uncertainty and price pressures.