Strategy Inc. has added more Bitcoin to its balance sheet, continuing its aggressive investment strategy in the cryptocurrency market. The company recently purchased 17,994 bitcoins worth about $1.28 billion, at an average price of around $70,946 per coin.
With this latest purchase, the company’s total holdings have increased to about 738,731 bitcoins, making it the largest corporate holder of the cryptocurrency.
The firm has consistently treated bitcoin as a long-term treasury asset. Despite market volatility and criticism from some analysts, the company continues to accumulate bitcoin, betting on its long-term value and growing institutional acceptance.