Strategy, founded by Michael Saylor, announced that it purchased 22,337 Bitcoin (BTC) at an average price of $70,194. With this transaction worth approximately $1.57 billion, the company’s total Bitcoin holdings increased to 761,068 BTC. The firm has been consistently accumulating Bitcoin regardless of short-term market fluctuations.
In total, the company has spent about $57.61 billion to build this massive Bitcoin reserve. Strategy’s average purchase cost stands at around $75,696, maintaining its position as the publicly traded company with the largest Bitcoin treasury. This approach reflects the growing view among institutions that Bitcoin is a long-term store of value.
Institutional accumulation is not limited to Bitcoin. Bitmine, one of the largest corporate Ethereum treasury holders, announced that it purchased 60,999 ETH last week. The development highlights that institutional investors are continuing to accumulate both Bitcoin and Ethereum as part of their long-term digital asset strategies.
