Strategy, led by executive chairman Michael Saylor, has expanded its Bitcoin holdings with another major purchase, despite rising global and political uncertainty.
Because US markets were closed on Monday for Martin Luther King Jr. Day, Saylor confirmed the acquisition on Tuesday after previously hinting at it over the weekend. The company bought 22,305 BTC for just over $2.1 billion, paying an average price of $95,284 per coin. This brings Strategy’s total Bitcoin treasury to 709,715 BTC, the largest held by any public company.
The firm has accumulated its position over the past five years at an average cost of roughly $76,000 per Bitcoin, spending close to $54 billion in total. With BTC currently trading near $91,000, Strategy’s holdings are valued at approximately $64.6 billion, leaving the company with more than $10 billion in unrealized gains.
The timing of the purchase stands out, as it comes amid escalating tensions between the US and the European Union over Greenland. The dispute, centered on President Trump’s stated desire to acquire the island for national security reasons, has triggered new tariff measures and added pressure to global markets.
Crypto prices reacted negatively to the uncertainty, with Bitcoin sliding from above $95,000 to below $91,000 in just a few days. Despite the pullback, Strategy’s latest move signals continued confidence in Bitcoin as a long-term asset.
