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Strategy Buys More Bitcoin as $50 Billion BTC Stash Remains Underwater

by Decrypt
written by Decrypt 0 comments
Strategy Buys More Bitcoin as $50 Billion BTC Stash Remains Underwater

In brief

  • Publicly traded Bitcoin treasury firm Strategy spent $90 million to purchase 1,142 Bitcoin last week.
  • The company now holds nearly $50 billion in Bitcoin, but its holdings are worth less than the firm spent on them.
  • Bitcoin is down over 23% over the last month, recently trading near $69,000.

Strategy, the world’s largest Bitcoin treasury company, announced Monday that it bought even more BTC last week even as its nearly $50 billion stash remains underwater following last week’s crypto market…

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