Saylor's Firm Strategy Secures Additional Bitcoin, Taking Total Holdings to 555,450 BTC

Former CEO and co-founder, Michael Saylor, announced Strategy's latest bitcoin purchase. The company, previously known as MicroStrategy, spent over $180 million to buy an additional 1,895 BTC, thereby increasing its total holdings to well over 555,000 BTC.

The recent acquisition was made at a smaller scale of $180.3 million compared to the previous ones, including last week's purchase for $1.4 billion. Despite this, Strategy continues its consistent approach to buying BTC, especially following the US elections.

To date, the company has spent approximately $38.08 billion on bitcoins, acquiring them at an average price of $68,550 each, resulting in an unrealized profit exceeding $14 billion as the current bitcoin value stands above $94,000.