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Breaking: Strategy Buys $1.3 Billion Worth of Bitcoin

source-logo  u.today 12 May 2025 09:00, UTC

Business intelligence firm Strategy has purchased an additional $1.34 billion worth of Bitcoin, according to a Monday announcement.

The most recent purchase brings the total number of coins held by the company to nearly 569,000.

As usual, co-founder Michael Saylor strongly hinted that he was going to announce another major purchase on Friday.

Meanwhile, the price of Bitcoin has slipped below $104,000 despite a breakthrough in the trade negotiations between the US and China.

According to Bitwise, a total of 80 publicly traded companies now hold Bitcoin on their balance sheet.

u.today