Strategy Inc Doubles Down on Bitcoin, Betting Big on Long-Term Gains

Strategy Inc, led by CEO Phong Le, made headlines last week when it bought $90 million worth of Bitcoin during a market sell-off. This move was not seen as a reactionary trade, but rather a part of the company's long-term plan to outperform Bitcoin.

In an interview with Fox Business, Le stated that Strategy is 'built to outperform Bitcoin' and that investors should have a long time horizon when evaluating the company's performance. He added that treating Bitcoin as 'Digital Capital' is key to the company's capital model.

The recent purchase brought Strategy's total holdings of Bitcoin to 714,644 BTC, with an average price of $76,056 per coin. The company has now invested roughly $54.35 billion into Bitcoin. Le emphasized that accounting losses do not reflect real cash losses and that increasing Bitcoin per share remains the firm's key focus.