Strategy Dives Deeper into Crypto, Buys 20,356 Bitcoins for $2B

Strategy, formerly known as MicroStrategy, has made a significant investment in the cryptocurrency market by acquiring an additional 20,356 bitcoins for approximately $2 billion. This transaction reflects an average purchase price of $97,514 per bitcoin, bringing Strategy’s total holdings to 499,096 bitcoins. The cumulative cost for these acquisitions amounts to about $33.1 billion.

The current market value of these bitcoin assets is estimated at $47.9 billion, representing a substantial unrealized gain exceeding $14.7 billion. This strategic positioning highlights Strategy’s enduring commitment to cryptocurrency, further solidifying its status as a key player in the market. Investors and analysts alike are closely monitoring these developments, as they underscore the cautious yet aggressive approach to digital asset accumulation.