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Pathikrit Bose

EXPLAINED: Strategy increases its bitcoin holding by 950 how to play mstr stock | Rare Historical Photos

Strategy Bitcoin MSTR CFTC Matt Hougan Zach Pandl Crypto

As the proverbial crypto winter shows signs of ending, the world's largest holder of Bitcoin (BTCUSD) is stepping in. Strategy (MSTR), formerly known as MicroStrategy, recently bought 950 BTC, parting with $75.7 million for an average purchase price of $79,670 per coin.

The latest filing from the company now places the company's total Bitcoin holdings at 846,000, with Strategy expending a total of $63.8 billion over the years to acquire the cryptocurrency. What does the company's latest move indicate about the wider environment around Bitcoin and its own strategy? Let's take a closer look.

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