Strategy Purchases Additional 592 Bitcoin for Nearly $40 Million

Strategy (formerly MicroStrategy), the company founded by Michael Saylor, has once again acquired Bitcoin worth $39.8 million. As Saylor announced on X, 592 BTC were purchased at an average price of $67,286 ^[1].

The timing of the purchase coincided with a price decline during which Bitcoin temporarily fell below $65,000. This allowed Strategy to buy approximately 45 percent cheaper than the previous all-time high ^[1].

Strategy now holds a total of 717,722 BTC with an aggregate value of $47 billion, making it the world's largest institutional Bitcoin holder. The average purchase price of all coins stands at $76,020 ^[1].

However, MSTR stock is under pressure: It currently trades at $131, representing a year-to-date loss of 54 percent. This makes the stock's performance significantly weaker than Bitcoin itself, which has declined 31 percent year-to-date ^[1].

Saylor remains unfazed by the market situation. In a CNBC interview, when asked about a potential Bitcoin crash to $8,000, he stated that in such a scenario, the company would refinance and continue ^[1].