Bitcoin News Today: Strategy₿ Boosts Bitcoin Holdings by 6,220 BTC at $118,940 per Coin

Strategy₿, a prominent Bitcoin-centric company, has significantly bolstered its Bitcoin holdings by purchasing 6,220 BTC for approximately $739.8 million. This acquisition was announced by Michael Saylor on July 21, 2025, and marks a substantial increase in the company's Bitcoin reserves. The purchase was made at an average price of $118,940 per coin, reflecting the current market value of Bitcoin.

As of July 20, 2025, Strategy₿ holds a total of 607,770 BTC, acquired for approximately $43.61 billion at an average price of $71,756 per coin. This latest purchase brings the company's total Bitcoin holdings to a value of approximately $72 billion at current market prices. The company has achieved a Bitcoin yield of 20.8% year-to-date in 2025, demonstrating its commitment to Bitcoin as a strategic asset.

The recent acquisition by Strategy₿ is part of a broader trend among companies that are increasingly adding Bitcoin to their treasuries. One notable example is SEQUANS, a leader in cellular IoT solutions, which announced on July 21, 2025, that it acquired 1,264 BTC for about $150 million. This purchase boosted SEQUANS' total Bitcoin holdings to 2,317 BTC, currently valued at over $274 million. This trend highlights the growing institutional interest in Bitcoin as a store of value and a hedge against inflation.

The price of Bitcoin has been trading above $118,000, supported by continued institutional interest and rising global adoption. On July 21, 2025, Bitcoin rebounded from $116,000 levels to trade above $118,500. This price movement is indicative of the strong demand for Bitcoin in the market, driven by factors such as institutional investment and regulatory developments.

On July 19, 2025, the U.S. President signed the GENIUS Act into law, which aims to protect consumers in the digital market, ensure the U.S. dollar's global reserve currency status, and combat illicit digital asset activity. This legislative move is seen as a positive development for the crypto industry, as it provides a regulatory framework that supports the growth and adoption of digital assets. The signing of the GENIUS Act is part of a broader effort by the U.S. government to position the country as a leader in the crypto space, with the President highlighting his support for Bitcoin and the crypto industry through various public statements and initiatives.

The general crypto ecosystem remains optimistic amidst the latest developments in the U.S. and the rising global adoption of digital assets. The signing of the GENIUS Act and the continued institutional investment in Bitcoin are seen as positive indicators for the future of the crypto industry. As more companies and institutions add Bitcoin to their treasuries, the demand for the digital asset is expected to increase, driving its price higher and solidifying its position as a store of value and a hedge against inflation.