Strategy buys 1,286 Bitcoin valued at $116M
Summary
Strategy, the software company chaired by Michael Saylor, has purchased an additional 1,286 Bitcoin for $116 million, further solidifying its status as a major corporate holder of the cryptocurrency. This acquisition brings Strategy's total Bitcoin reserve to 673,783 BTC, while also increasing its USD reserve by $62 million to $2.25 billion. Saylor remains a strong proponent of Bitcoin as a store of value and actively encourages its adoption among institutional investors.
(Source:Crypto Briefing)