Bitcoin has slipped back into bear-market territory, trading below $92,000 after peaking above $126,000 last month.
Strategy said it bought an additional 8,178 bitcoin at an average purchase price around $102,000, lifting its holdings to 649,870 coins.
The purchases were funded with the proceeds of its preferred stock offerings, underscoring an aggressive stance even as the broader market struggles.
The retreat in Bitcoin’s price reflects a more-than-25% pullback from its record highs, reinforcing the bear-market narrative.
While some investors fret, others remain confident that the long-term case for digital assets remains intact.
Ownership in bitcoin remains concentrated, with individuals owning roughly two-thirds of the supply and institutions holding smaller slices.
Saylor’s optimism has been a constant theme; he has repeatedly promised good news, and in this case, his firm delivered by expanding its bitcoin stash.
The move comes amid a broader context in which policy and regulatory developments—such as a friendlier White House toward crypto, a more permissive SEC stance, and new stablecoin legislation—could influence future price dynamics.
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