Strategy Expands Bitcoin Holdings with $255 Million Purchase

Strategy (MSTR), a publicly traded company and one of the largest corporate holders of bitcoin, has expanded its cryptocurrency portfolio by adding 3,273 BTC to its treasury. According to an announcement made by executive chairman Michael Saylor on social media platform X, the purchase was made at an average price of $77,906 per token.

The acquisition brings Strategy's total holdings to 818,334 BTC, which were acquired for approximately $61.81 billion at an average price of around $75,537 per coin. This significant addition to its treasury has helped the company achieve a year-to-date yield of 9.6% on its bitcoin investments.