Strategy purchases $764.9 million in Bitcoin, MSTR stock near all-time high!

The cryptocurrency market continues to explode as #Strategy (formerly MicroStrategy) announced the purchase of an additional $764.9 million in Bitcoin on the evening of May 19, 2025, bringing its total holdings to 576,230 BTC, worth nearly $60 billion. This marks the sixth consecutive week that billionaire Michael Saylor's company has been 'gathering' Bitcoin, with 7,390 $BTC purchased from May 12 to May 18 at an average price of $103,498/BTC. During this period, Strategy has spent a total of $4.5 billion through continuous purchases since April 14, including $285.8 million, $555.8 million, $1.42 billion, $180 million, and $1.34 billion.

The Bitcoin purchases were funded through the sale of 1.7 million shares of #MSTR and the issuance of 621,555 STRK shares, part of a plan to raise $21 billion to continue investing in BTC. The current Bitcoin price hovers around $103,000, near the all-time high of $109,000 set at the end of January 2025. MSTR stock has also seen strong growth, trading around $400, up 3,166% over the past 5 years, nearing the peak of $473.83 in November 2024.

Strategy's determination reflects a strong belief in Bitcoin, amidst a vibrant crypto market with fund flows reaching $3.4 billion last week and a forecast of accumulating $330 billion by 2029. With Ethereum ($2,600) and other altcoins also growing, the cryptocurrency market is entering a promising development phase, opening up significant opportunities for investors. #anhbacong