Michael Saylor’s Strategy Inc. has made headlines with its substantial investment in Bitcoin, acquiring nearly $1 billion of the cryptocurrency for the second week in a row. This aggressive buying spree reflects the company’s strategy to capitalize on the recent dip in Bitcoin’s price.
According to a regulatory filing made available on Bloomberg Terminal, the firm purchased approximately $980.3 million worth of Bitcoin between December 8 and December 14. This sum represents the largest acquisition of Bitcoin by Saylor’s company since July and signifies a renewed confidence in the digital asset.
In a notable development, the firm’s recent purchases bring its total Bitcoin holdings to over 10,000 for the second consecutive week, marking the first such occurrence since January. This pattern aligns with Saylor’s long-standing stance on Bitcoin as a key asset for treasury management, particularly during periods of market volatility.
As the cryptocurrency market continues to experience fluctuations, Saylor’s Strategy Inc. appears poised to reinforce its position as a significant player in the Bitcoin landscape, signaling to investors and market observers that the company is committed to its long-term strategy of accumulating the digital asset.
