MicroStrategy, now doing business as Strategy (MSTR), is following its strategy of betting large on Bitcoin (BTCUSD). The company has consolidated its position as the largest corporate holder of this cryptocurrency. Although Bitcoin is going through a rough patch, aptly named the “crypto winter,” Strategy accumulated about $109 million in the digital asset over the Dec. 22-28 period.
The tokens were accumulated at an average price of $88,568 per coin and were funded through a common stock offering. This purchase brings the company’s total Bitcoin holdings to 672,497 tokens, valued at $50.40 billion.
