Bitcoin News Today: Strategy Prepares for More Bitcoin Buys, Holds 601,000 BTC

Strategy, a prominent Bitcoin investor, is on the verge of another significant Bitcoin purchase following a recent post by its CEO, Michael Saylor. The company's Bitcoin portfolio tracker, which has historically preceded major announcements, currently shows that Strategy holds over 601,000 BTC valued at nearly $71 billion. This substantial holding places Strategy among the top 10 U.S. corporate treasuries, surpassing even tech giants like Nvidia.

Just last week, Strategy made headlines by acquiring 4,100 BTC in a single purchase, pushing its total holdings past the 600,000 threshold. With Bitcoin trading around $118,000, the company's reserves have grown significantly, solidifying its position as a leader in institutional Bitcoin adoption.

Saylor's post, which included the phrase “Stay Humble. Stack Sats,” suggests that more accumulation may be imminent. The firm had briefly paused its buying spree after a 12-week run, but indications are that this streak is ready to resume. This continuous accumulation strategy by Strategy has set a precedent for other corporations considering Bitcoin as a treasury asset.

The broader corporate rush into Bitcoin is intensifying, with 21 firms collectively adding $810 million in BTC to their treasuries over just five days. Strategy remains at the forefront of this trend, not only in terms of holdings but also in setting the pace for institutional adoption of Bitcoin. As Saylor continues his relentless accumulation strategy, speculation is building about whether another record-breaking purchase is just around the corner.