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Bitcoin Shopping Spree: Strategy Continues Accumulation With $530M Purchase

  • Strategy, leading corporate holder of Bitcoin, purchased 4,980 Bitcoin for around $531.9 million, bringing its total holdings to nearly 600,000 tokens.
  • Despite Bitcoin's stability, Strategy's shares surged by 4.7% to $402.07, with its Bitcoin holdings now valued at roughly $64 billion.
  • Funding for acquisitions came through stock sales, with Strategy's Bitcoin yield at 19.7% between Jan 1 and June 29, as indicated by chairman Michael Saylor's social media post urging more purchases.
  • While Strategy often makes significant Bitcoin purchases, it varied its strategy with a smaller acquisition of 245 Bitcoins recently, amidst Bitcoin's price volatility hovering around $107,000.

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