Michael Saylor’s strategy just dropped another $100 million in Bitcoin (Bitcoin).
It is the second company Great purchase respectively after a Purchase worth $101 million Last week.
Two large acquisitions materialized following the strategy First Bitcoin sale Since 2022. The company sold 32 bitcoins worth $2.47 million earlier this month, marking a dramatic shift in tone for the company after Saylor spent years encouraging investors to “never sell” their bitcoin.
However, he indicated the possibility of a sale, suggestion On a recent earnings call, the company said it would “potentially sell some bitcoin to fund the dividend just to graft the market — just to send a message that we did it.”
After purchasing this week, Strategy now owns 846,842 BTC worth $56.9 billion at the time of writing. The strategy also increased its US dollar reserve by $100 million to $1.1 billion, Saylor noted.
The company’s stock rose more than 8% on Monday and nearly 9% in the past week, though it is still down more than 24% in the past month.
Bitcoin itself was up nearly 5% on Monday and nearly 6% in the past seven days.
Strategy is the world’s largest holder of Bitcoin and was the first public company to adopt BTC as its sole treasury reserve asset.
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