Strategy (MSTR) Makes 100th Bitcoin Purchase, Adds 592 BTC as Bitcoin Price Falls

Strategy (MSTR) announced its 100th Bitcoin acquisition since adopting the cryptocurrency as its primary reserve asset in 2020, purchasing 592 BTC for approximately $39.8 million at an average price of $67,286 per coin. This purchase was funded by selling 297,940 shares of its Class A common stock. Following this acquisition, Strategy now holds 717,722 BTC, acquired for an aggregate $54.56 billion, maintaining its position as the world's largest corporate Bitcoin treasury. The purchase occurred during renewed weakness in Bitcoin's price, which had fallen from $68,000 to near $66,000, impacting MSTR's stock price. Executive Chairman Michael Saylor signaled the milestone purchase, which he referred to as "The Orange Century." Strategy continues its aggressive accumulation strategy, with Saylor previously stating the company expects to buy Bitcoin every quarter indefinitely and has no plans to sell its holdings.

(Source：Bitcoin Magazine)