Corporate giant Strategy has dramatically accelerated its Bitcoin accumulation strategy since the 2024 US presidential election.
Data shows the company more than doubled its BTC holdings, acquiring 376,571 Bitcoin worth $43.2 billion in just nine months. This aggressive accumulation vastly outpaces its previous four-year effort, which totaled 252,220 BTC.
Signaling ongoing commitment, Strategy executed its third-largest Bitcoin purchase to date yesterday, acquiring 21,021 BTC at an average price of $117,256 per coin.The acquisition represents a total investment value of $2.46 billion.
Strategy’s Executive Chairman, Michael Saylor, has been vocal in his support for Bitcoin. He recently likened the cryptocurrency to a ‘freedom virus,’ describing it innovatively as a newly emerged ‘swarm creature’ gaining global support.
The strategy has proven immensely profitable. Strategy currently ranks as the fourth most profitable finance company in the United States, posting a record $10 billion profit in its latest second-quarter results. Its Bitcoin holdings, now valued at approximately $72.2 billion, account for roughly 3.16% of the cryptocurrency’s circulating supply.
Looking ahead, Strategy announced plans to further integrate Bitcoin into its financial operations by developing and issuing new Bitcoin-based financial instruments. The stated aim is to provide opportunities for outperforming Bitcoin returns and to play an increasingly influential role within the crypto ecosystem.