EddieJayonCrypto
31 Mar 25
Business intelligence firm Strategy has acquired $1.92 billion worth of Bitcoin, bringing its total Bitcoin holdings to 528,185 BTC ($44.2 billion at current prices). The purchase was widely expected after the company secured an additional $711 million via its preferred stock offering. Strategy's co...
Business intelligence firm Strategy has acquired $1.92 billion worth of Bitcoin, bringing its total Bitcoin holdings to 528,185 BTC ($44.2 billion at current prices). The purchase was widely expected after the company secured an additional $711 million via its preferred stock offering. Strategy's co-founder Michael Saylor teased the massive buy, but Strategy (MSTR) shares are down more than 4% in pre-market trading after collapsing by 11% on Friday. The enormous purchase had virtually no impact on the price of Bitcoin, which is currently trading at $82,098.
Business intelligence firm Strategy has acquired a whopping $1.92 billion worth of Bitcoin, according to its most recent announcement. This brings the company's total Bitcoin holdings to 528,185 BTC ($44.2 billion at current prices). Strategy is, of course, the leading corporate buyer of the cryptocurrency. The mammoth purchase was widely expected after the company secured an additional $711 million via its preferred stock offering earlier this March. Strategy co-founder Michael Saylor also teased the massive buy on Sunday. Strategy (MSTR) shares, however, are still down by more than 4% in pre-market trading after collapsing by 11% on Friday amid a brutal stock market correction. The enormous purchase had virtually no impact on the price of Bitcoin. The cryptocurrency is trading at $82,098 after previously dipping to $81,362.