The strategy almost doubles the last bitcoin truck with a purchase of $ 555 million – DL News

Bitcoin’s tireless bearing in strategists accelerated, with a company following a newer purchase of $ 286 million with announcement on Monday buy almost twice as many last week.

The company was previously known as MicroStracy bought 6,556 Bitcoin for more than $ 555 million, the company said on Monday.

It now has 538,200 Bitcoin purchased in an average purchase price of 67,766 USD, for total consumption of about 36 billion dollars. At current bitcoin prices, catching hands worth $ 47 billion.

Semenity fought this month in the middle of a escalating American trading war. But Bitcoin has proven resistant: Cryptocurrency has gained about 3% of when US President Donald Trump announced Moving Tariffs 2. April.

That trend continued on Monday. Bitcoin rose Approximately 4%, summarized $ 88,000, while the S & P 500 index fell 2.79%.

Ali Bitcoin’s a prevalized significance has little to do with the purchase of a strategy, according to Matthew Sigel, the head of researching digital funds for Van Eck.

“It’s a little bit of correlation between the wedding volume to buy Bitcoin Strategy and Nor Prices Bitcoin at the end of the week or change in Bitcoin price during the week”, Sigel wrote.

Despite the recent market volatility, the strategy seems to be unauthorized in its task to acquire more Bitcoin. 14. April company said Bilcoin gained $ 286 million worth the value of the previous week. The strategy is the biggest public merchant carrier Bitcoin.

The strategies of the strategies are shaded only by exchanging funds such as the trust of Blackocrock Bitcoin, which retained 570.983 Bitcoina is worth about $ 48 billion on Monday.

Some analysts predict stock of the strategy, currently traded from $ 319.49, will guess $ 600 till the end of this year. This would make the firm more valuable than many noticeable financial institutions, such as Charles Schwab and Citigroup.

The strategy was not the only company for loading in Bitcoin over the past week.

Monday, Metaplanet based in Tokyo said He spent $ 56 million for procurement 649 Bitcoin.

Inspired The strategy, MetaPlanet turned to Bitcoin Treasuri Company last year.

MetaPlanet and manage The hotel department and holds a license for Bitcoin Magazine In Japan. That started Acquisition of Bitcoin in April 2024. year, and executive director Simon Gerijevich said The company aims to hold 10,000 to the end of 2025.

But access comes with a significant risks. Firms that did not start acquiring early Bitcoin earlier are more vulnerable to the sensory of tokens and many were left underwater with a recent decline.

However, lately Gamestop’s stock raised After the company said it would achieve a similar reserve plan Bitcoin.

Andrew Flanagan is a Market correspondent for DL ​​News. You have the top? Reach aflanagan@dlnews.com.