Strategy acquires 390 Bitcoin valued at $43M
Key Takeaways
- Strategy acquired 390 Bitcoin valued at approximately $43 million, furthering its aggressive cryptocurrency accumulation strategy.
- The firm views Bitcoin as a long-term hedge against economic instability, according to executive chairman Michael Saylor.
Strategy acquired 390 Bitcoin valued at approximately $43 million last week, continuing the business intelligence firm’s aggressive cryptocurrency accumulation strategy under executive chairman Michael Saylor.
The purchase aligns with Saylor’s philosophy of treating Bitcoin as a long-term hedge against economic uncertainty. Strategy has positioned itself as a Bitcoin-centric entity through ongoing cryptocurrency acquisitions regardless of market conditions.
Saylor’s approach emphasizes Bitcoin as a tool for corporate leverage, using debt and media to enhance its role in balance sheets amid broader institutional interest. The executive chairman advocates for relentless Bitcoin accumulation as a corporate treasury approach.
Strategy treats Bitcoin as inventory for sustained value growth, part of what Saylor promotes as an essential corporate asset strategy that influences other companies’ cryptocurrency adoption decisions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: MegaETH's $7 Billion Buzz Compared to $1 Billion Approach: Undervaluing as a Wager on Ethereum's Prospects
- MegaETH's $350M ICO at $7B valuation marks fastest Ethereum token sale, leveraging real-time execution and 10B token supply. - Backed by Vitalik Buterin and $20M seed round, project aims to address Ethereum congestion with layer-2 scaling solutions. - Deliberate $999M underpricing strategy boosts community participation, contrasting inflated valuations in crypto market. - English auction format with 100K+ KYC participants shows strong grassroots support despite U.S. lock-up restrictions. - Market forecas
Canada’s stablecoin regulations set for November seek to curb capital outflows and safeguard national sovereignty
- Canada plans to unveil stablecoin regulations in the November 4, 2025 budget to curb capital flight to U.S. dollar-backed tokens. - The framework aims to classify stablecoins as securities/derivatives and enforce liquidity safeguards amid $1 trillion annual transaction volumes. - Officials warn delayed action risks eroding domestic financial sovereignty as 99% of stablecoin value is now U.S. dollar-linked. - The proposed rules align with global trends (EU, Hong Kong) and will address consumer protections
AI Solutions and Major Media Weaken Latin America's Native Crypto Platforms
- Outset PR report reveals 54% Q2 traffic drop for Latin America's crypto-native media despite 18.3% regional crypto adoption growth. - Mainstream outlets gained 8% crypto traffic increase while crypto-focused sites saw 34.6% intra-quarter traffic plunge. - AI platforms like ChatGPT now dominate content discovery, with mainstream media capturing 3.7M AI-related visits vs. 79K for crypto-native sites. - Argentina (56% mainstream crypto traffic) and Brazil (62% crypto-native readership) emerged as key market
Bitcoin News Today: Institutional Investors Prefer Bitcoin ETFs, Move Away from Ethereum
- U.S. Bitcoin ETFs saw $446M inflow (Oct 24), led by BlackRock's IBIT ($107.8M), reversing recent outflows. - Ethereum ETFs lost $127.5M as GBTC/ARKB bled $60.5M-$55M, reflecting regulatory uncertainty and declining staking yields. - Bitcoin ETFs now control 6.4% of total supply (1.66M BTC), driving price momentum as institutional allocations centralize liquidity. - Technical indicators show Bitcoin stabilizing above $110K with bullish MACD, targeting $118.5K if breaking $112K resistance. - Analysts expec
Trending news
MoreCrypto prices
More
