Strategy Adds $742 Million in Bitcoin, Increasing Holdings to 478,740 BTC

Strategy (MSTR), formerly MicroStrategy, announced it acquired $742.2 million worth of Bitcoin between February 3rd and February 9th, resuming its weekly purchasing strategy. According to an SEC filing on Monday, the company bought 7,633 BTC at an average price of $97,255. As of last week, Strategy holds 478,740 BTC, representing over 2.5% of the total supply. The company aims to raise $4.2 billion by 2027 to fund further Bitcoin acquisitions. Despite reporting a $670.8 million net loss for the fourth quarter, Strategy shares are up 13% year-to-date.