Strategy Adds 520 Bitcoin While Growing Cash Reserves to $1.4 Billion
Strategy purchased 520 Bitcoin for approximately $35 million and increased its cash reserves to $1.4 billion, according to its latest disclosures. The move highlights the company’s continued commitment to Bitcoin while strengthening liquidity on its balance sheet. Michael Saylor confirmed the acquisition on June 22. The purchase was completed at an average price of $67,068 per Bitcoin. Consequently, Strategy’s total Bitcoin holdings rose to 847,363 BTC.