Strategy Expands Bitcoin Holdings with $27.2 Million Purchase, Doubling Down on Crypto Focus
- Strategy bought 220 Bitcoin worth US$27.2 million at US$123,561 per coin, bringing total holdings to 640,250 BTC acquired at an average of US$74k each.
- The purchase occurred just before Bitcoin crashed, prompting critics like Peter Schiff to highlight Saylor’s history of buying at peak prices.
- Saylor maintains his conviction, stating he’ll keep “buying the top forever” as he views Bitcoin itself as the exit strategy regardless of short-term price fluctuations.
- While Strategy remains the largest corporate holder with 3% of total supply, US spot Bitcoin ETFs experienced US$326.4 million in net outflows on Monday, though BlackRock’s IBIT continues its tenth consecutive day of accumulation.
Michael…
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