This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Michael Saylor’s firm Strategy has purchased an additional $110 million worth of Bitcoin, marking its fourth-smallest acquisition this year. The company now holds roughly 582,000 BTC, valued at $62.7 billion. This move comes amid ongoing market volatility and growing institutional interest in Bitcoin.
- Strategy has acquired Bitcoin for nine consecutive weeks, totaling $5.1 billion in purchases since mid-April.
- The company raised $112 million through preferred stock sales to fund its Bitcoin acquisitions.
- Bitcoin's price volatility persists, influenced by geopolitical tensions and shifting investor demand.
📎 Related coverage from: decrypt.co
Other Tags: Bitcoin Treasuries, CoinGecko