Business intelligence firm Strategy has made another significant acquisition, purchasing an additional 6,911 Bitcoins, according to a regulatory filing released on Monday.
This latest acquisition brings the company’s total Bitcoin holdings to over 500,000, marking a major milestone for the firm.
With its most recent purchase, Strategy’s average purchasing price for Bitcoin has risen to approximately $67,000 per coin.
This reflects the company’s continued commitment to accumulating the cryptocurrency as part of its investment strategy.
The announcement of the acquisition has had a positive impact on MicroStrategy’s stock. Following the news, shares of the company surged by more than 5% in pre-market trading, reflecting investor confidence in the firm’s growing Bitcoin holdings.
After more than four weeks of uninterrupted investor enthusiasm, BlackRock’s iShares Bitcoin Trust has reported its steepest daily outflow since its inception, signaling a potential shift in sentiment.
Pakistan’s aggressive embrace of Bitcoin mining has drawn scrutiny from the International Monetary Fund (IMF), which is now demanding clarity on the country’s allocation of 2,000 megawatts of electricity to digital assets and AI infrastructure.
A new analysis from China’s International Monetary Institute (IMI) suggests that Bitcoin is quietly gaining ground as a serious player in the global reserve system.
Bitcoin may be on the verge of a major supply squeeze, with dwindling availability and accelerating institutional interest setting the stage for potentially explosive price action, according to Sygnum Bank’s Katalin Tischhauser.