Strategy Adds to Losing Bitcoin Position Despite Falling Value

Michael Saylor, Executive Chair of Strategy, has maintained his stance on purchasing bitcoins despite the falling value of the company's holdings.

The company's latest move saw it purchase more bitcoins, valued at $40 million. This brings its total holding to a significant loss, with its current value nearly $8 billion below market price.

Strategy remains the largest corporate holder of bitcoin and continues to face losses as the cryptocurrency market experiences volatility.