Strategy has acquired 21,021 Bitcoin this week, increasing its total holdings to 628,791 BTC valued at over $71 billion. The purchase coincides with Bitcoin’s price decline below $114,000 within a 24-hour period, drawing institutional investor focus.
Executive chairman Michael Saylor reposted his 2020 tweet comparing Bitcoin to ‘cyber hornets,’ echoing his enduring conviction during market volatility. The firm concurrently reported a 25.0% Bitcoin yield year-to-date and reaffirmed Bitcoin as its primary treasury reserve asset.
This acquisition underscores Strategy’s position as a leading institutional Bitcoin holder, strategically accumulating during price corrections to strengthen its crypto portfolio.