
Hold onto your hats, crypto fans, because the financial rollercoaster is picking up speed! The company that’s been making headlines for its audacious Bitcoin hoarding, founded by the ever-determined Michael Saylor, has just upped its game. They've splurged nearly $600 million on their latest Bitcoin shopping spree, taking them over the halfway mark to owning a whopping one million BTC!
In their latest move, the company snagged 6,911 bitcoins at a cool price of about $84,529 each. This brings their total to a jaw-dropping 506,137 BTC. Can you hear the sound of piggy banks shattering? That’s $33.7 billion worth of digital gold purchased at an average of $66,608 per coin.
Since their rebranding from MicroStrategy to Strategy, with a snazzy BTC logo to boot, they’ve been laser-focused on bulking up their Bitcoin reserves. After a brief pause, where they only added 130 BTC to their stash last week, they’ve hit the accelerator again. And boy, have they made a splash with this latest acquisition.
Michael Saylor might have stepped down as CEO, but he’s still the captain of their Bitcoin crusade. He took to social media to share the news of their latest investment. And let’s just say the numbers are staggering. With Bitcoin prices soaring, Strategy’s treasure trove is now worth a dazzling $44.3 billion. That’s around $10 billion in unrealized profit, folks!
So, what’s next for Strategy? With half a million Bitcoins in their digital vault, they're not just playing the game—they’re rewriting the rulebook! Stay tuned as they continue to make waves in the crypto world. Who knows, maybe that million BTC milestone isn’t too far off!