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Bitcoin Treasury Company’s strategy has confirmed a major addition to its Bitcoin portfolio. The technological company spent $ 555.8 million to reach its Bitcoin bag, which strengthens the position of the strategy as one of the largest digital asset holders.
According to a recent declaration, Strategy announced that it had bought 6,556 bitcoin for around $ 555.8 million. The agreement was made public through an 8-K regulatory form submitted the same day.
Depending on the filling, each Bitcoin unit was purchased at an average price of $ 84,785. With this last investment, the company now holds 538,200 Bitcoin.
It should be noted that this is not the first time that the strategy has made the headlines of its Bitcoin acquisition this year. In a previous update, the software company acquired 6,911 bitcoin for $ 584.1 million. Around the same time, the Bitcoin price reached $ 87,000.
According to the last update, the total investment of the strategy in Bitcoin reached around $ 36.47 billion. This results in the average cost of its Bitcoins operations at around $ 67,766 per room.
It should also be noted that the value of the Bitcoin of the strategy jumped in response. Coinmarketcap data show that Bitcoin is currently at a price of $ 87,319.30, marking an increase of 3.47% in the last 24 hours.
It is important to add the aggressive bitcoin model of this strategy is not random. The technological company has spent years building this reserve according to historical trends. The organization uses its treasure to buy bitcoin instead of holding money or gold. Over time, this approach has drawn the attention of investors and cryptocurrency observers.
Michael Saylor, who directs the strategy of president, firmly believed that Bitcoin is a better reserve of value than traditional assets. In a recent statement, Michael Saylor shared that Bitcoin has no counterparty risk.
Bitcoin has no counterpart risk.
No business. No country. No creditor. No motto. No competitor. No culture. Not even chaos.– Michael Saylor (@saylor) April 19, 2025
This point of view shows the continuous confidence in Bitcoin strategy as a protection against financial uncertainty and external control. He also explains why the company was so optimistic in his approach to acquire the medal.
The latest perpetual strategy conflicts (STRF) are live on the Nasdaq. According to the update, the action was designed to finance massive bitcoin purchases and has a different attraction from the traditional actions of the company.
Meanwhile, the imitator metaplanet strategy added 319 bitcoin to its treasury, becoming the ninth largest public holder worldwide.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
post url: https://altcoin.observer/the-strategy-acquires-6556-bitcoin-for-555-8-million-details/
