Strategy Grabs 520 More Bitcoin for $35M Despite Sitting Nearly $10B Underwater
Strategy founder Michael Saylor announced Monday that the company acquired 520 bitcoin for approximately $35 million, a noticeably smaller tranche than recent weeks, bringing the firm’s total reserve to 847,363 BTC. The purchase marks the third consecutive week of bitcoin accumulation for Strategy. Saylor disclosed the transaction in a Monday morning post on X to his roughly 5 million followers, confirming the company also increased its USD Reserve by $300 million to $1.4 billion to support the credit quality of its Digital Credit securities.