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Strategy’s Biggest Bitcoin Buy Since 2024
Strategy, formerly known as MicroStrategy, made its most substantial Bitcoin purchase since November 2024, just a day before Bitcoin’s price dropped below the $90,000 threshold. Despite the company’s consistent commitment to its aggressive accumulation playbook, Strategy's shares dropped by over 7%.
On Tuesday, Strategy announced the acquisition of 22,305 Bitcoin for approximately $2.13 billion, bringing its total Bitcoin holdings to 709,715. The transaction, which was carried out on Monday, marked Strategy’s largest Bitcoin purchase since November 2024. It also followed two additional acquisitions completed earlier in January, reaffirming the company’s continued commitment to expanding its...