Strategy Buys Additional 21,021 Bitcoin for $2.4 Billion – Crypto News – Crypto News
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Strategy Buys Additional 21,021 Bitcoin for $2.4 Billion Strategy Buys Additional 21,021 Bitcoin for $2.4 Billion

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Strategy Buys Additional 21,021 Bitcoin for $2.4 Billion – Crypto News

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Business-intelligence company Strategy, steered by Executive Chairman Michael Saylor, has added 21,021 Bitcoin to its treasury for about $2.4 billion,

Business-intelligence company MicroStrategy, steered by Executive Chairman Michael Saylor, has added 21,021 Bitcoin to its treasury for about $2.4 billion, according to information circulating on financial-market feeds on 4 August.

The latest purchase would deepen the Tysons Corner, Virginia-based firm’s position as the largest corporate holder of the cryptocurrency, a strategy Saylor has pursued since 2020 as a long-term inflation hedge. Earlier disclosures showed the company holding more than 214,400 Bitcoin before the new tranche; the additional coins would lift that total to roughly 235,000, worth about $27 billion at current prices.

MicroStrategy’s continued accumulation comes as Bitcoin has climbed more than 1,400% from pandemic-era lows, trading recently near $115,000. The company’s shares, which often track the digital asset, have outperformed the Nasdaq this year, buoyed by investors’ willingness to treat the stock as a leveraged play on Bitcoin’s price.

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