Strategy, formerly known as MicroStrategy, has acquired 168 Bitcoin at an average price of $112,051 per coin, amounting to approximately $18.8 million. This purchase was financed through the sale of perpetual preferred shares and is part of the company's '42/42' equity plan. The acquisition took place on October 13–14, shortly after the crypto market experienced a significant downturn on October 10.
With this latest purchase, Strategy's total Bitcoin holdings have increased to 640,418 BTC, with an average acquisition cost of $74,010 per coin. The company's continued investment in Bitcoin underscores its commitment to the cryptocurrency despite recent market volatility.
Strategy Acquires 168 BTC Amid Market Turbulence
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