Strategy Adds Bitcoin During Market Pullback
Strategy added more bitcoin during the latest market pullback, extending a buying pattern that has continued through recent volatility and rising geopolitical tension. Summary Strategy bought 1,031 BTC at $74,326…
Strategy bought 1,031 BTC in the latest market pullback, pressing ahead with its regular accumulation despite volatility and geopolitical tension. The company paid about $76.6 million for the purchase, an average of $74,326 per coin, bringing its total holdings to 762,099 BTC.
The latest purchase was much smaller than the previous week’s 22,337-BTC acquisition, which cost roughly $1.57 billion. Still, the transaction reinforces Strategy’s steady buying cadence — the firm often reports bitcoin purchases on Mondays.
Bitcoin traded above $74,000 early last week but reversed lower after the Federal Open Market Committee’s second meeting of the year. Prices briefly rallied to about $71,500 following a statement tied to the Iran conflict, then slid below $70,000. As a result, Strategy’s newest tranche now sits below current spot levels, leaving unrealized losses on that purchase.
To date, Strategy has spent about $57.69 billion building its bitcoin position and remains the largest corporate holder of the asset. Its continued accumulation through market swings highlights a long-term commitment to bitcoin despite short-term price pressure.