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Updated · Bloomberg · Apr 20Strategy Inc. Makes $2.5bn Bitcoin Buy, Surpassing BlackRock in Holdings
4 articles · Updated · Bloomberg · Apr 20
- Strategy Inc. has purchased $2.54 billion worth of Bitcoin, its largest acquisition since late 2024.
- The company added 34,164 BTC at an average price of $74,395, bringing total holdings to 815,061 BTC, funded mainly by preferred stock sales.
- This move cements Strategy as the largest public Bitcoin holder, now controlling over 3.8% of the total supply, amid ongoing market volatility.
Why did Strategy's stock fall after announcing its third-largest Bitcoin purchase ever? Having surpassed BlackRock, is Strategy Inc. becoming too big for the Bitcoin market to handle? Can a perpetual share yielding 11.5% truly sustain Strategy's aggressive Bitcoin buying spree? Could Strategy's high-yield STRC instrument face a regulatory crackdown like other crypto products? With 3.8% of all Bitcoin, is Michael Saylor building a digital fortress or a house of cards?