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Saylor Strikes Again: Strategy Expands Bitcoin Treasury with 3,459 BTC Purchase Worth $285.8 Million
Michael Saylor, the CEO of MicroStrategy (now rebranded as Strategy), has once again made headlines by expanding his company’s Bitcoin treasury with a massive purchase worth $285.8 million. The recent addition brings the total number of Bitcoin holdings to 531,644 units.
Despite concerns surrounding the ongoing trade war and subsequent market volatility, Bitcoin’s price responded positively to the announcement, rising about 1% on Monday. As the cryptocurrency continues to attract institutional investors, its value is expected to reach new heights in the coming years.
Analysts at Bernstein remain optimistic about Strategy’s Bitcoin strategy, citing the company’s manageable debt levels and no imminent payment deadlines until 2028. They predict that Strategy’s holdings could potentially double to over one million BTC by the end of 2033.
As a result of this purchase, Strategy’s market capitalization now stands at $79.9 billion, still trading at a premium to its Bitcoin net asset value. Some investors have raised concerns regarding this premium and the company’s numerous acquisition programs for Bitcoin.
Despite these worries, the company’s stock closed up 10.2% on Friday at $299.98 after experiencing a volatile week in global markets due to tariff concerns.
Source: https://coincentral.com/saylor-strikes-again-strategy-expands-bitcoin-treasury-with-3459-btc-purchase-worth-285-8-million/
