Strategy, a U.S.-based software intelligence firm, has expanded its Bitcoin holdings by purchasing 487 BTC for $49.9 million. This acquisition increases its total Bitcoin reserves to 641,692 BTC. The purchase was financed through $50 million raised from stock sales, part of a larger $715 million fundraising initiative aimed at further Bitcoin investments. Following this move, Strategy's stock (MSTR) saw a premarket increase of over 3%, coinciding with Bitcoin's price recovery to approximately $106,000.