Strategy Abandons 'Buy Every Dip' Strategy for More Flexible Approach
Strategy, known for its aggressive Bitcoin purchases, has shifted its approach. In Q2 earnings calls, the company confirmed it will no longer dedicate every dollar of new capital to buying BTC.
The funds will now be split between acquiring more Bitcoin and strengthening its USD reserve, with the division depending on market conditions.
This change comes after Strategy went three weeks without purchasing Bitcoin between July 20 and July 26. Its holdings remained unchanged at 843,775 BTC during this period, making it the world's largest institutional Bitcoin holder.
The company acquired these holdings for $63.69 billion, with an average purchase price of $75,476 per Bitcoin. At current market prices, its treasury is valued at around $54.77 billion.