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Strategy’s $2.46B Bitcoin Buy Brings Total Holdings to 628K BTC!
In a shocking move, Strategy has announced the acquisition of 21,021 Bitcoins worth a staggering $2.46 billion, bringing its overall holding to an astonishing 628,790 Bitcoins. This massive purchase marks the company’s largest since March and has raised more eyebrows than applause in the crypto community.
According to reports, the latest transaction was executed at an average price of $117,256 per Bitcoin, indicating that Strategy capitalized on the recent dip below $117,000. The firm has now joined the ranks of other prominent investors who have been aggressively accumulating BTC amid a backdrop of market uncertainty.
Strategy’s aggressive stance is in stark contrast to the company’s initial hesitation regarding further investment. In a move that echoes the sentiments of many crypto enthusiasts, Strategy has doubled down on its commitment to Bitcoin, now holding an impressive 628,790 Bitcoins worth a staggering $74 billion at current market prices.
The latest development raises more questions than praise among investors and analysts alike, with some questioning the wisdom behind such a massive purchase. Nevertheless, it appears that Strategy remains committed to its bold strategy of accumulating BTC on dips.
As the crypto landscape continues to evolve, AMBCrypto will be keeping a close eye on any developments related to this story and provide our readers with timely updates.
Source: ambcrypto.com
