Strategy Doubles Down on Bitcoin Near All-Time Highs

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As Bitcoin briefly crossed $110,000 last week, Strategy seized the opportunity to expand its already massive BTC holdings.

The company disclosed a $427.1 million purchase of 4,020 Bitcoin between May 19 and 23, paying an average of $106,237 per coin.

This latest buy—Strategy’s fourth in May—pushes its total BTC stash to 580,250, acquired for $40.6 billion at an average cost of $69,979.

The aggressive accumulation comes amid stock sales by company director Jarrod Patten, who recently sold $1.1 million in MSTR shares and has unloaded $6.7 million worth since late April.