Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC

Strategy, formerly MicroStrategy, recently purchased 1,045 Bitcoin, bringing their total holdings to 582,000 BTC. The average purchase price for their Bitcoin is now $70,086, despite recent buys being made at around $105,426 per coin. The company financed this latest acquisition by leveraging its STRK and STRF stocks, avoiding the issuance of new common shares. This strategic approach maintains roughly 0.02 BTC per MSTR share, significantly more than other companies in the sector. Corporate treasuries collectively hold approximately 3.4 million BTC, reducing the available supply on open markets and OTC desks. Consequently, available Bitcoin inventories on platforms like Coinbase Prime have decreased substantially. While only a few public companies hold significant Bitcoin reserves, many more have expressed interest in adding Bitcoin to their balance sheets. Strategy's consistent purchasing strategy helps to create market scarcity and signals long-term holding intentions. Small, frequent buys can stimulate demand without causing drastic price fluctuations. However, high average purchase prices increase the risk of paper losses if Bitcoin's value declines.