Strategy Continues to Invest in Bitcoin, Purchasing More Than 22K BTC worth Billions

Despite Bitcoin's recent stagnant price performance, NASDAQ-listed Strategy continues to invest heavily in the cryptocurrency. Co-founder Michael Saylor announced the firm's latest purchase of 22,048 BTC, worth approximately $1.92 billion, bringing their total Bitcoin holdings to 528,185 BTC, acquired for around $35.63 billion.

This significant investment follows a period of decreased purchasing activity from the company. However, after the US elections paved the way for significant regulatory changes, the firm, then known as MicroStrategy, resumed its aggressive acquisition strategy.

Despite Bitcoin's price drop to $82,000, Strategy's Bitcoin assets are currently valued at an estimated $43.3 billion, resulting in an unrealized profit of nearly $8 billion.