Strategy Doubles Down on Bitcoin with $100 Million Purchase

Strategy, a company that recently sold $209 million worth of shares through its at-the-market equity program, has purchased 1,587 BTC for approximately $100 million, increasing its total holdings to 846,842 BTC. The acquisition was funded with proceeds from the sale of Class A Common Stock (MSTR), which is valued at an average cost basis of $75,656 per Bitcoin.

The latest purchase marks Strategy's continued interest in expanding its Bitcoin holdings, and comes as on-chain indicators suggest a potential shift in market dynamics. According to CryptoQuant data, exchange inflows from whales have dropped sharply, indicating that large holders are absorbing selling pressure and reducing the supply of older coins entering exchanges.

The whale ratio has climbed to 62.3%, showing that larger market participants are dominating exchange activity. The reversal in whale supply is seen as a key turning point, with total whale supply trending higher after a 12-day decline. BTC is currently trading at $66,600, up 4.5% over the past 24 hours.