Strategy Adds $51M in Bitcoin as Price Hit $124K Before the Dive

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Ah, Michael Saylor and his company Strategy-the proud owners of more Bitcoin than a small country’s GDP. This time, they’ve gone and splashed out $51.4 million on a little more of that digital gold, just before it decided to take a nose dive. Classic Bitcoin, right?

In a move that screams “buy high, pray it doesn’t drop too low,” Strategy added 430 more Bitcoin (BTC) to their stash during the week that ended on Sunday, according to a filing with the SEC. This little acquisition cost them around $119,666 per coin. Seems a bit much, but hey, Bitcoin’s known for its mood swings. One minute, it’s soaring to $124,000, and the next, it’s dragging itself down to $115,000. CoinGecko, I see you.

So, what does that mean for Strategy’s overall Bitcoin holdings? Well, now they’ve got a cool 629,376 BTC. That’s a lot of coins-like, if you were trying to count them by hand, you’d probably run out of fingers. All this came at an average price of $73,320 per coin, which means they’ve spent roughly $46.15 billion on this volatile roller coaster.

“Volatility is a gift to the faithful”

As Bitcoin’s price swung like a pendulum-soaring above $124,000 on Wednesday, only to plummet to $115,000 by Sunday-Saylor, ever the philosophical Bitcoin evangelist, took to X to offer his timeless wisdom: “Volatility is a gift to the faithful.” Yes, because who doesn’t love a good roller coaster when you’re sitting on billions?

And in case you missed it, Saylor also revealed that at Bitcoin’s all-time high prices, Strategy’s holdings reached a jaw-dropping $77.2 billion. That’s right, billion, with a B. So much for a quiet Sunday afternoon, eh?

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2025-08-18 15:29