Menu

Search

  |   Insights & Views

Menu

  |   Insights & Views

Search

Strategy Corp Doubles Down: Adds 155 BTC in $18 M Bitcoin Buy

Spending around $18 million, Strategy Corp has stealthily acquired an extra 155 BTC at an average price of $116,401 per coin. This follow-on purchase emphasizes the company's aggressive accumulation plan since it follows just days after it bought over 21,000 BTC earlier in August.

Strategy Corp sticks to its long-term treasury plan and dollar-cost averaging strategy by layering in this lesser purchase. Over time, incremental acquisitions like this help to level price swings and reinforce the company's consistent dedication to growing its Bitcoin holdings.

This recent addition barely increases the corporation's record-setting Bitcoin reserves, indicating that despite recent market volatility, Strategy Corp considers BTC a basic, permanent asset. The action strengthens the optimistic view of the business on cryptocurrencies as a strategic reserve.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.