Strategy adds nearly $1B in Bitcoin as market slump pressures MSTR stock

Michael Saylor’s company increased its Bitcoin holdings to 671,268 BTC following back-to-back weeks of purchases exceeding 10,000 BTC.

Business intelligence company–turned–Bitcoin treasurer Strategy significantly expanded its Bitcoin holdings last week, accumulating more of the digital asset amid a broader market slump that has weighed on investor sentiment.

Strategy announced Monday that it acquired 10,645 Bitcoin (BTC) for $980.3 million, paying an average price of $92,098 per coin.

The purchase brings Strategy’s total holdings to 671,268 BTC, further cementing its position as the world’s largest corporate Bitcoin holder.

Read more