Strategy Doubles Down on Bitcoin as Losses Increase

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The company's latest purchase raised some eyebrows due to the poor timing.

Michael Saylor, the Bitcoin champion behind Strategy’s BTC accumulation strategy, announced minutes ago the latest acquisition made by the company, in which it spent $90 million to accumulate 1,142 units.

Consequently, the firm’s total stash has grown to 714,644 BTC, acquired at an average price of $76,056 for a total of $54.35 billion. Thus, Strategy’s bitcoin holdings continue to be in the red as the asset trades below $70,000 at press time.


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