Between April 28 and May 4, the firm behind the well-known Bitcoin accumulation strategy added another 1,895 BTC to its reserves, spending around $180.3 million in the process.
This recent move pushes the average cost of the new holdings of Strategy to about $95,167 per coin.
With this addition, the firm further strengthens its position as the largest corporate holder of Bitcoin, reaffirming its conviction in using the cryptocurrency as a core asset in its treasury.
The acquisition took place while Bitcoin prices hovered between $90,000 and $95,000, amid broader uncertainty in the global economy and ongoing debates around future actions from the Federal Reserve.
Even with market fluctuations, the company has stuck to its disciplined approach of buying regularly over time—a strategy it’s followed since 2020 under the guidance of CEO Michael Saylor.
Many view these steady purchases as a reflection of how institutions are approaching Bitcoin, with this latest buy signaling continued confidence in the asset’s long-term trajectory.
The Bitcoin market is entering a complex phase marked by rising realized profits, reduced whale balances, and historically prolonged sideways price movement.
European banking giant UniCredit is preparing to offer its professional clients a new investment product linked to BlackRock’s spot Bitcoin ETF (IBIT), according to a report by Bloomberg.
Connecticut has officially distanced itself from government adoption of digital assets like Bitcoin. On June 30, Governor Ned Lamont signed House Bill 7082 into law, placing sweeping restrictions on how the state and its agencies can engage with cryptocurrencies.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.