MicroStrategy continues to expand its Bitcoin holdings, with total holdings exceeding 660,000 BTC.

Source: DigitalToday Original Title: Strategy Buys $1 Billion Worth of Bitcoin… Total Holdings Reach 660,624 BTC Original Link: https://www.digitaltoday.co.kr/news/articleView.html?idxno=611264

Michael Saylor’s Strategy continues its Bitcoin accumulation.

According to blockchain media outlet Cointelegraph on the 8th (local time), Saylor announced the latest purchase on his X (formerly Twitter) account. Last week, Strategy purchased an additional 16,024 BTC for approximately $962.7 million, with an average purchase price of $90,615 per BTC. As a result, Strategy’s total Bitcoin holdings have reached 660,624 BTC, with a cumulative purchase amount of $4.935 billion and an average purchase price of $74,696.

This purchase was made amid a decline in Strategy’s stock price. According to Google Finance, Strategy’s stock recently stood at $178.99, down 51% compared to a year ago. However, the unrealized profit from its Bitcoin holdings remains substantial. According to Bitcoin Treasuries, the current value of Strategy’s Bitcoin holdings is about $6 billion, up more than 22% compared to the total purchase price.

Additionally, Strategy recently raised $1.44 billion, dispelling concerns about the company’s ability to pay dividends and service its debt. According to Phong Le, Strategy’s CEO, FUD (Fear, Uncertainty, Doubt) spread that dividend obligations could not be fulfilled if the stock price declined, leading to an increase in Bitcoin short positions, but this was resolved by securing additional funds.

Meanwhile, while the Digital Asset Treasury (DATs) market slowed in November, Strategy continued its Bitcoin-focused purchases. According to DeFiLlama data, November DATs inflows were $1.32 billion, down 34% from October, but on November 17, Strategy led the market by purchasing $835 million worth of BTC. Ethereum-centered DATs saw an outflow of $37 million, showing the opposite trend.

Strategy is continuing its Bitcoin accumulation strategy regardless of short-term market trends. Saylor has consistently stated his intention to make Bitcoin the company’s core asset, so further purchases are likely in the future.