Strategy Unleashes Another $100 Million on Bitcoin

Michael Saylor's Strategy has continued its aggressive Bitcoin acquisition strategy after selling a small portion of its holdings in early June. The firm has purchased another $100 million worth of BTC, following a similar purchase last week that saw it buy $101 million in the cryptocurrency.

This latest move comes on the heels of Strategy's first Bitcoin sale since 2022, when it sold 32 BTC for $2.47 million. Saylor had previously stated that the firm might sell some of its BTC to fund a dividend and 'inoculate the market', sending a message that they had done so.

After this week's purchase, Strategy now owns a total of 846,842 Bitcoin, valued at $56.9 billion at the time of writing. The company also increased its US dollar reserve by $100 million to $1.1 billion.

Saylor's firm is now the largest corporate holder of Bitcoin in the world and remains one of the most significant investors in BTC.