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Strategy Acquires 196 BTC, Analysts See Buyers in Stress

Strategy (MSTR), the world’s largest corporate Bitcoin holder, has added to its massive reserves despite BTC’s brief drop to 108,000.Thecompanyannouncedthepurchaseof196BTCforroughly108,000. The company announced the purchase of 196 BTC for roughly 22.1 million at an average price of 113,048percoin,bringingitstotalholdingsto640,031BTC,worthabout113,048 per coin, bringing its total holdings to 640,031 BTC, worth about 47.35 billion at an average cost of $73,983 per BTC. A smaller but strategic addition The acquisition, funded through common stock issued under an at-the-market (ATM) program and perpetual preferred sto ...