Michael Saylor’s firm, now known as Strategy, has once again expanded its Bitcoin holdings, purchasing 1,587 BTC for roughly $100 million. This latest move brings the company’s total Bitcoin reserve to 846,842 coins, valued at approximately $56 billion given current market prices around the mid-$60,000 range.
Earlier this month, Strategy faced scrutiny after selling a small portion of its holdings—32 BTC—for about $2.5 million. Company CEO Phong Le clarified that the sale was merely a test of internal processes, not a shift in strategy or a need for cash. The recent acquisition reaffirms the company’s commitment to its Bitcoin-first approach.
In addition to expanding its cryptocurrency portfolio, Strategy has also bolstered its U.S. dollar reserve. The firm now holds $1.1 billion in cash, up $100 million from the previous week. This dual increase in both Bitcoin and cash reserves suggests the company is balancing its accumulation strategy while ensuring it can meet financial obligations like dividends.
Investors and market watchers have taken note of the company’s continued buying, which helps dispel concerns raised by the earlier small sale. Strategy remains the largest corporate holder of Bitcoin, and its ongoing purchases signal confidence in the digital asset’s long-term value.