Strategy Buys Nearly $1 Billion In Bitcoin For Second Straight Week
Bitcoin treasury firm Strategy has introduced its newest buy, taking its whole funding in BTC past the $50 billion milestone.
Strategy Has Added 10,645 BTC With The Latest Acquisition
As introduced by Strategy co-founder and chairman Michael Saylor in a brand new X post, the corporate has accomplished one other huge Bitcoin acquisition. With this new buy, it has added 10,645 BTC to its reserves, spending $92,098 per token or $980.3 million in whole.
The purchase has come only a week after Strategy made one other acquisition of a similar level. More particularly, the acquisition final Monday noticed 10,624 BTC getting into the treasury firm at a price foundation of $963 million. This purchase was the agency’s largest since July, and the newest one is even larger.
On the Monday coinciding with the beginning of December, Strategy solely added a small quantity of Bitcoin to its holdings (130 BTC) and a newly introduced $1.44 billion USD reserve as an alternative took the highlight. Saylor famous that the reserve will higher equip the corporate to navigate short-term market volatility.
The mega BTC buys within the two weeks which have adopted since then counsel that regardless of the existence of the USD reserve, the cryptocurrency continues to be the precedence for the treasury agency.
According to the submitting with the US Securities and Exchange Commission (SEC), the brand new 10,645 BTC acquisition occurred within the interval between December eighth and 14th, and was funded utilizing gross sales of Strategy’s STRF, STRK, STRD, and MSTR at-the-market inventory choices.
The treasury firm now holds a complete of 671,268 BTC, with an acquisition price of $50.33 billion. At the present change charge, the agency’s holdings are price $57.56 billion, placing it in a web revenue of over 14%.
The new buy implies that 2025 has overtaken 2024 when it comes to the USD quantity invested by Strategy into Bitcoin, because the chart shared by CryptoQuant group analyst Maartunn showcases.
From the graph, it’s seen that the distinction between the 2 years isn’t a lot proper now, however 2025 nonetheless has a few weeks to go. It solely stays to be seen whether or not Strategy will purchase extra within the coming days and if that’s the case, whether or not the purchases shall be related in dimension to the newest two.
Despite the size of the acquisition, Bitcoin has plummeted following Strategy’s new announcement, taking each this week’s and final week’s huge purchases into the pink.
The newest decline within the cryptocurrency has additionally come even supposing the spot exchange-traded funds (ETFs) witnessed a web quantity of inflows through the previous week, in line with information from SoSoValue.
BTC Price
At the time of writing, Bitcoin is floating round $86,000, down round 4.5% over the past seven days.
