Strategy has significantly bolstered its Bitcoin reserves, acquiring an additional 4,980 BTC at an average price of $106,801 per coin. This strategic investment, totaling $532.6 million, was executed between June 23 and June 29.
The purchase elevates Strategy’s total Bitcoin holdings to 597,325 BTC, valued at approximately $63.8 billion. This substantial reserve cements Strategy’s position as the largest corporate holder of Bitcoin, representing nearly 70% of all Bitcoin held by publicly traded companies globally.
Corporate adoption of Bitcoin continues to grow, with approximately 140 publicly traded companies now holding the cryptocurrency on their balance sheets. Collectively, these firms possess Bitcoin worth $90.6 billion. Beyond public entities, 31 private companies have also entered the market, holding an additional $31.2 million worth of Bitcoin.
Investors reacted positively to Strategy’s latest acquisition, driving the company’s stock price up by 2.5% to $393.74. This uptick reflects market confidence in Strategy’s aggressive Bitcoin accumulation strategy and its position within the evolving corporate cryptocurrency landscape.