Latest Bitcoin Purchase by Strategy Exceeds $1.3 Billion: Insight

The NASDAQ-listed firm, Strategy, under the guidance of Bitcoin enthusiast Michael Saylor, has recently invested over $1.34 billion in Bitcoin, acquiring 13,390 BTC at an average price of nearly $100,000 per Bitcoin.

The purchase took place last week, boosting Strategy's Bitcoin portfolio to 568,840 BTC, purchased at an average cost of $69,283 per Bitcoin. The current valuation of the firm's Bitcoin holdings stands at over $59 billion, realizing an unrealized profit of around $20 billion.

Despite the massive profits, the company continues to hold onto its Bitcoin assets, contributing to the deflationary nature of the cryptocurrency. Strategy's share price has seen a surge of over 33% in the past month, closing at $416 on Friday.