- Strategy Inc acquires 8,888 BTC for $555 million, increasing its total stash to 538,200 BTC.
- The firm now controls over 2.5% of Bitcoin’s circulating supply, strengthening its long-term crypto bet.
What happened: The firm’s latest purchase signals growing institutional confidence in Bitcoin amid a recovering crypto market.
Strategy Inc., the Bitcoin-focused firm helmed by Michael Saylor, has purchased an additional 8,888 BTC for approximately $555 million in cash. The acquisition brings its total holdings to 538,200 BTC, acquired at an average price of $33,700 per coin. This makes Strategy Inc. the largest publicly traded corporate holder of Bitcoin, with its reserves now worth over $35 billion at current market prices.
The purchase was disclosed in a Monday filing with the U.S. Securities and Exchange Commission. It follows a similar buy in March when the company acquired over 12,000 BTC. With Bitcoin currently trading above $66,000, the move reflects continued confidence in long-term value appreciation. Saylor, the company’s Executive Chairman, continues to double down on Bitcoin as a treasury reserve asset.
Also read: Strategy invests $1.9B in Bitcoin
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Why it is important
This latest buy cements Strategy Inc.’s role as a dominant player in institutional crypto investment. The firm now owns more than 2.5% of Bitcoin’s circulating supply, raising questions about corporate influence over decentralised assets. Critics argue that such concentrated holdings contradict Bitcoin’s ethos, but supporters view them as a validation of the asset’s maturity.
Strategy Inc.’s accumulation strategy aligns with a broader trend of institutional re-entry into the crypto market. In 2024, firms like BlackRock and Fidelity also gained exposure through spot Bitcoin ETFs. The recent halving event, which reduced mining rewards to 3.125 BTC, could further constrain supply and boost prices, reinforcing Strategy Inc.. ‘s bullish outlook.
The move also signals a strategic hedge against inflation and dollar debasement. Saylor has consistently framed Bitcoin as “digital gold,” the company’s actions reflect this thesis. As traditional assets face increasing volatility, corporate adoption of crypto as a balance sheet asset could accelerate. Despite regulatory uncertainty, Bitcoin’s status as a macroeconomic hedge is gaining traction.
