"Strategy began investing in Bitcoin in 2020, which transformed it from a run-of-the-mill software company into the largest digital asset treasury. It currently holds more than 709,000 Bitcoin, which is about 3% of the total supply, and far more than any publicly traded company. The business with the next highest amount invested in Bitcoin is Mara Holdings, which owns about 53,000 Bitcoin, a fraction of what Strategy holds."
"The largest digital asset treasury purchased more than $2 billion worth of Bitcoin this week, CEO Michael Saylor revealed on X. The move came as a surprise to many crypto observers, but one analyst says it fit a long time pattern on the part of Saylor and his company. For those unfamiliar, Strategy is a type of company known as a digital asset treasury that holds cryptocurrency as its primary business model."
Strategy increased its Bitcoin holdings by more than $2 billion this week despite a recent price decline. The company began buying Bitcoin in 2020 and now holds over 709,000 BTC, roughly 3% of circulating supply, far exceeding other publicly traded firms. The purchases occurred amid a nearly 17% annual Bitcoin decline and recent market volatility tied to U.S.-Europe macroeconomic tensions. An analyst characterized Strategy as opportunistic with its Bitcoin buying, noting the stalled-but-expected Clarity Act could affect future activity. Other digital asset treasuries, including Bitmine, also made large crypto purchases this week.
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