Key Takeaways

How much Bitcoin does Strategy now hold in total?

Strategy holds 640,808 BTC valued at roughly $47.44 billion, with an average purchase price of $74,032 per Bitcoin.

How did analysts react to the rating?

Analysts argued the rating unfairly treats Bitcoin as a liability and discourages corporate Bitcoin adoption.

Strategy (formerly MicroStrategy), led by Bitcoin [BTC] advocate Michael Saylor, has added to its already massive Bitcoin portfolio with another strategic purchase.

Saylor’s Strategy adds more Bitcoin

The company acquired 390 BTC worth approximately $43 million at an average price of $114,562 per coin, reinforcing its status as the world’s largest corporate holder of the cryptocurrency.

With this addition, Strategy’s total Bitcoin reserves climbed to 640,808 BTC, valued at about $47.44 billion, purchased at an average cost of $74,032 per coin.

In fact, just a day before the announcement, Saylor dropped his trademark hint on X, posting Strategy’s Bitcoin portfolio tracker with the caption, “It’s Orange Dot Day.”

MSTR stock performance and S&P Global rating

Following the disclosure, Strategy’s (MSTR) shares reacted positively. 

At press time, MSTR was trading at $295.63, a 2.27% increase over the previous session, based on Google Finance data. Yet, despite the brief up

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Author: Ishika Kumari