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.
South Korea’s Financial Services Commission (FSC) is drafting a proposal to support the launch of spot crypto ETFs, aiming for release in the second half of 2025.
Even with fresh conflict in the Middle East and a less-than-dovish Federal Reserve outlook, Bitcoin has spent more than five weeks trading comfortably above $100,000.
China’s biggest crypto hardware manufacturers are redrawing their maps. Faced with mounting U.S. tariffs on tech imports, Bitmain, Canaan, and MicroBT — firms that collectively dominate over 90% of the global bitcoin mining rig market — are moving parts of their production to the United States.
Bitdeer Technologies, a Bitcoin mining firm based in Singapore, is gearing up to raise $330 million through a fresh offering of senior convertible notes maturing in 2031.