Strategy, formerly known as MicroStrategy, has made a significant investment in Bitcoin, totaling $2 billion. This acquisition includes 20,356 BTC at an average price of $97,514, which has increased the company’s total Bitcoin holdings to over 499,000 BTC.

This substantial investment is valued at approximately $47.4 billion, resulting in a paper gain of $14 billion. The announcement was made by co-founder and former CEO Michael Saylor shortly after the company completed a $2 billion offering of convertible notes.

Despite this investment, Bitcoin’s price has continued to decline, recently falling below $96,000 and nearing the $95,000 mark for the first time since last week’s market crash. Additionally, Strategy’s shares have faced challenges, including:

• A loss of over 12% in the past five days
• A decline of 16.5% from the previous month
• A 105% increase over the past six months, currently trading just below $300

📎 Related coverage from: cryptopotato.com