Strategy Acquires $100M Bitcoin Despite Price Declines

Michael Saylor's company, Strategy, remains the world's largest corporate Bitcoin holder, consistently acquiring more BTC despite recent declines in both Bitcoin's price and its own stock (MSTR). The firm recently purchased 850 BTC for approximately $99.7 million at an average price of $117,344 per coin, marking its eighth consecutive weekly Bitcoin purchase since late July and bringing total holdings to 639,835 BTC acquired for about $47.33 billion. Strategy funds these acquisitions through sales of its common and preferred stock, with $80.6 million raised from MSTR shares and $19.4 million from STRF shares in the latest round. Although the pace of purchases has slowed compared to earlier months, the company remains committed to its long-term strategy, viewing Bitcoin as a superior store of value amid macroeconomic uncertainty and fluctuating markets. Analysts maintain a buy rating on Strategy's stock, citing undervaluation relative to Bitcoin and potential catalysts like S&P 500 inclusion. Other corporate Bitcoin holders exist, but none approach Strategy's scale, solidifying its dominant position in the expanding corporate Bitcoin treasury trend.