Strategy Adds Another 1,665 BTC to Its Treasury Holdings

Strategy, a company that holds a significant portion of the world's Bitcoin (BTC) in its treasury, has made another substantial purchase. The firm acquired 1,665 BTC for approximately $142.7 million at an average price of $85,681 per bitcoin between September 21 and September 27.

With this latest acquisition, Strategy now holds a total of 847,666 BTC, worth around $70.6 billion, bought at an average price of $75,437 per bitcoin for a total cost of around $64 billion, including fees and expenses, according to its co-founder and executive chairman, Michael Saylor.

This significant holding is equivalent to more than 4% of Bitcoin's 21 million supply cap and implies around $6.6 billion of paper gains at current prices.