Strategy nears second-largest quarterly BTC buy amid price drop

Strategy (MSTR) is nearing its second-largest quarterly Bitcoin purchase on record, continuing its massive accumulation despite the cryptocurrency's price decline, CoinDesk reported. So far this year, Strategy has purchased a total of 89,618 BTC, bringing its total holdings to 761,068 BTC, with the possibility of further acquisitions before the quarter ends. This marks the largest accumulation since the fourth quarter of 2024, when the company bought 194,180 BTC. While Bitcoin is currently down more than 40% from its peak, Strategy appears to be continuing its accumulation strategy based on its available capital, regardless of the price.