Business intelligence firm Strategy has made a significant move in the cryptocurrency market by acquiring 22,048 bitcoins worth nearly $2 billion, boosting its total holdings to 528,185 BTC. This strategic purchase, made at an average price of approximately $86,969 per bitcoin, showcases the company's commitment to accumulating bitcoins despite market fluctuations. Funded mainly through issuing new MSTR common shares, Strategy aims to convert its corporate treasury from traditional dollars into hard assets like bitcoin, capitalizing on its potential long-term appreciation against inflation-driven fiat currency depreciation.
Business intelligence company Strategy has aggressively increased its bitcoin holdings, showcasing a long-term bullish stance despite fluctuations in market prices.
Strategy's total bitcoin treasury now stands at 528,185 BTC, reflecting confident investment in hard assets amid ongoing fiat currency devaluation.
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