Monday's Bitcoin Purchase: Strategy Follows Metaplanet's Example by Procuring an Extra 7,390 BTC

Strategy, a business intelligence software firm established by Michael Saylor, recently enhanced its Bitcoin stash by purchasing an additional 7,390 BTC, taking the total to 576,230 BTC. This move was not unexpected as the company has a history of making such announcements on Mondays.

The new acquisition, worth around $40 billion, was made at an average price of just below $70,000 per Bitcoin, resulting in an unrealized profit of over $19 billion as the Bitcoin price currently stands at $103,000. Concurrently, Metaplanet, the largest Asia-based corporate Bitcoin holder, also announced a BTC purchase of 1,004 on the same day.

The company's Bitcoin holdings now stand at 7,800 BTC, worth over $800 million, contributing to almost 90% of its record Q1 revenue.