Business intelligence firm Strategy has added 6,556 Bitcoin at a price of $84,785 for a total purchase value of $555.8 million to its total BTC holdings. The purchase happened over a one-week period from April 14 to 20. Strategy now owns 528,185 bitcoin, accounting for 2.515% of the total supply.
The Michael Saylor-led firm is already the world’s largest corporate holder of Bitcoin, ahead of Marathon Digital Holdings and Riot Platforms, according to CoinGecko. The company has been known to accumulate Bitcoin regularly.
The company’s acquisition of additional BTC kicked off with a purchase of 3,459 BTC for $285 million on the 14th of April, but instead of being just a one-off buy it triggered a shopping spree.
Prior to this, Strategy briefly halted purchases from March 31st to April 6th, according to an SEC filing.
Bitcoin was trading at a price of $88,340 at the time of reporting. The coin has increased 33.52% in value over 1 year, as shown by CoinMarketCap. Strategy’s $MSTR shares have also gained considerably over a 1-year period, increasing by 156.88% in value according to TradingView.
$MSTR gains exposure
Strategy co-founder Saylor took to X to talk about the increasing exposure that institutional investors and retail accounts had to $MSTR, saying that 814,000 retail accounts and 13,000 institutions have exposure to $MSTR.
Strategy, formerly known as MicroStrategy, is a business intelligence and AI company that was co-founded in 1989 by Michael Saylor. He was the Chief Executive Officer until 2022 and currently serves as Executive Chairman.
