Strategy buys 1,286 Bitcoin valued at $116M

Strategy buys 1,286 Bitcoin valued at $116M

Michael Saylor's firm strengthens crypto portfolio with strategic acquisitions amid market volatility.

Vivian Nguyen

Powered by Gloria

Updated 1:24 p.m. ET

Strategy, the software company led by executive chairman Michael Saylor, has purchased 1,286 Bitcoin valued at $116 million.

The acquisition adds to Strategy’s position as one of the largest corporate holders of Bitcoin. The company has maintained an aggressive acquisition approach, continuing to accumulate the digital asset through targeted purchases amid market fluctuations.

Saylor has been a vocal advocate for Bitcoin as a store of value and has engaged with institutional investors, including sovereign wealth and hedge funds, to encourage broader adoption of the asset.

Strategy buys 1,286 Bitcoin valued at $116M

Strategy buys 1,286 Bitcoin valued at $116M

Michael Saylor's firm strengthens crypto portfolio with strategic acquisitions amid market volatility.

by Vivian Nguyen | Powered by Gloria

Strategy, the software company led by executive chairman Michael Saylor, has purchased 1,286 Bitcoin valued at $116 million.

The acquisition adds to Strategy’s position as one of the largest corporate holders of Bitcoin. The company has maintained an aggressive acquisition approach, continuing to accumulate the digital asset through targeted purchases amid market fluctuations.

Saylor has been a vocal advocate for Bitcoin as a store of value and has engaged with institutional investors, including sovereign wealth and hedge funds, to encourage broader adoption of the asset.