Strategy Acquires Additional Bitcoin Valued at $110 Million, Led by Michael Saylor

Michael Saylor, the head of Strategy, has disclosed another significant Bitcoin purchase, adding 1045 BTC to the company's holdings. The firm has spent around $110.2 million, priced at $105,426 per coin. So far this year, Strategy has achieved a Bitcoin yield of 17.1%. As of yesterday, the company holds 582,000 BTC, initially bought for $70,086 each, and now worth close to $41 billion.

This latest acquisition aligns with the company's established strategy of diversifying corporate treasuries with Bitcoin, the leading digital asset. Saylor, a staunch advocate of Bitcoin, believes its price will hit $1 million if Wall Street firms allocate just 10% of their reserves to it.