Strategy Doubles Down on Bitcoin with $75.7M Purchase Amid Cryptocurrency Boom

Strategy has made its second major Bitcoin purchase in recent months, acquiring 950 BTC for approximately $75.7 million.

The average price of each coin was around $79,670, which means the purchase is now profitable as the value of Bitcoin has climbed above $85,000.

This latest acquisition brings Strategy's total holdings to about 846,000 BTC, representing roughly 4% of the fixed maximum supply of Bitcoin.

Strategy focuses on accumulating Bitcoin and sees its corporate treasury demand and improving market sentiment as closely tied. The company is also betting that using crypto efficiently can transform everyday finance through its Remittix PayFi platform, which connects digital wealth to bank money.