Strategy Adds $1.34B in BTC—Holdings Near $59B

[umair]

Strategy has taken another big step into Bitcoin, buying 13,390 currency units for nearly $1.34 billion. This purchase increases their total to 568,840 BTCS, worth approximately $59.2 billion. The company has kept stocking up on Bitcoin this year with the latest acquisitions of 1,895 BTC for $180.3 million and over 15,000 BTC at the end of April.

These strategic buys are already yielding results. For example, the May 5 acquisition surged more than 9% in less than a week of purchase; the May 28 purchase is now up $177 million in unrealized profit—a gain of 12.47%.

Nevertheless, some doubters fear the company’s increasing average purchase price and borrowed capital, which could pose risks if the Bitcoin price declined.

With Bitcoin priced around $104,000, Strategy´s aggressive acquisition strategy sees them established as a disproportionate player in the crypto arena.

Question for Discussion:

Considering Strategy’s large bitcoin holdings and funding of these investments, is this a sensible long-term investment strategy or a high-risk investment gamble?