Strategy Buys Additional 705 Bitcoin… Worth About ₩103.4 Billion

Strategy has reportedly purchased an additional 705 Bitcoin (BTC). The amount is worth about ₩103.4 billion.

On the 2nd (local time), Michael Saylor, the founder of Strategy, stated on X, "Strategy has acquired an additional 705 BTC ($75.1 million)" and added, "The purchase price per BTC was about $106,495." He further mentioned, "As of this year, we've achieved a return of 16.9%."

Currently, Strategy holds a total of 580,955 BTC. This amounts to about $40.68 billion, and the average purchase price is $70,023.

Meanwhile, with the announced amount of Bitcoin purchased by Strategy falling short of expectations, some expressed disappointment. One X user questioned, "Why is the quantity so small this time?", while another commented, "At this rate, Metaplanet will eventually overtake Strategy." Earlier on the same day, Metaplanet announced an additional purchase of 1,088 BTC.

In fact, there are analyses indicating that Strategy's pace of Bitcoin accumulation is slowing. Previously, K33 Research reported, "Strategy is still accumulating Bitcoin, but the pace has greatly decreased," and analyzed, "With the increase in Bitcoin-holding companies, Strategy is facing challenges in securing smooth funding."

As of 9:05 PM, based on Binance's USDT market, Bitcoin was trading at $103,984, up 0.06% compared to 24 hours ago.