Strategy, $1.34 Billion Worth BTC Additional Purchase

Strategy (formerly MicroStrategy) announced through Michael Saylor, Strategy founder, via X that they additionally purchased 13,390 BTC, about 1.34 billion USD worth of Bitcoin, from May 5th to 11th.

The average unit cost of this purchase was calculated to be 99,856 USD. With this, Strategy's total Bitcoin holding increased to 568,840, and the average purchase price became 69,287 USD.

Strategy has taken Bitcoin as a major reserve asset and adhered to a long-term holding strategy, and this additional purchase reaffirms their commitment. The market views Strategy’s aggressive purchases as potentially increasing institutional investors' trust in Bitcoin and positively affecting the price rise.