Strategy Resumes Bitcoin Purchases, Increasing Holdings to 478,740 BTC

The company formerly known as MicroStrategy continues its aggressive Bitcoin acquisition strategy, despite reporting financial losses and valuation concerns.

Strategy, previously MicroStrategy, purchased 7,633 BTC for $742.4 million last week, bringing its total Bitcoin holdings to 478,740 BTC.
The average purchase price for the recent acquisition was $97,255 per Bitcoin, raising the company's overall average purchase price to $65,033 per Bitcoin.
The company's rebranding reflects its pivot to a Bitcoin-centric business model, with a new logo incorporating the Bitcoin symbol.
Despite four consecutive quarters of financial losses, Strategy's stock has surged over 406% year-over-year, pushing its market cap to $82.31 billion, significantly exceeding the net asset value of its Bitcoin holdings.
Financial analysts have raised concerns about the risks of Strategy's aggressive Bitcoin investment plan, including potential liquidity issues and valuation discrepancies.