Strategy Acquires $1.34B Worth of Bitcoin
Michael Saylor’s Strategy has recently purchased an additional 13,390 BTC, amounting to $1.34 billion between May 5 and May 11. This move was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) on May 12. The acquisition coincided with Bitcoin (BTC) surpassing the $100,000 mark on May 8, currently trading at $104,491.
📈 Bitcoin Hits $100K Milestone
Bitcoin’s resurgence above the $100,000 level has been a significant development in the crypto market. With the current price at $104,491, the cryptocurrency is showing strength in its recovery.
⚡ Strategy’s Bitcoin Holdings Surpass 568K BTC
Following this latest purchase, Strategy’s total Bitcoin holdings have exceeded 568,000 BTC. This substantial accumulation underscores the firm’s bullish outlook on Bitcoin’s long-term potential.
🤔 Will Bitcoin Sustain Its Rally?
As Bitcoin continues to showcase recovery momentum, investors are now closely monitoring whether it can maintain its current uptrend. With Strategy’s significant BTC acquisitions, confidence in Bitcoin’s future remains high.
Will Bitcoin recover, or is this just the start of a bigger rally? Share your thoughts below!
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