Strategy, a leading player in the cryptocurrency market, has recently resumed its efforts to accumulate Bitcoin with a notable investment of $43 million, bringing its total Bitcoin holdings close to the significant milestone of 820,000 BTC.

New Acquisition of 535 Bitcoin

According to Michael Saylor, co-founder and chairman of Strategy, the company has acquired an additional 535 Bitcoin, with each coin purchased at approximately $80,340. This acquisition totals around $43 million, marking an important step in their ongoing investment strategy.

This buy, while modest in the broader context, represents a shift back to accumulation after a brief pause last Monday when Strategy did not make any purchases. In a recent post on X (formerly Twitter), Saylor hinted at the resumption of their buying strategy with the phrase, “Back to work.”

Additionally, Saylor indicated the possibility of selling some of their Bitcoin holdings to fund dividends, a move aimed at demonstrating their ability to liquidate assets if necessary. Notably, Strategy has not executed any sales since this announcement, maintaining their position despite previous instances of divestiture, such as offloading 704 tokens in December 2022 during market lows.

The latest acquisition was primarily financed through the company’s at-the-market (ATM) stock offerings, alongside a minor portion through the sale of STRC shares. Following this acquisition, their total Bitcoin holdings now stand at 818,869 BTC, with an investment total of $61.86 billion, resulting in an average cost basis of $75,540. Recently, a recovery in Bitcoin prices has put the company back in a favorable financial position.

With this latest purchase, Strategy continues to solidify its status as the foremost corporate holder of Bitcoin globally, as reported by data from BitcoinTreasuries.net.

Strategy is not alone in its Bitcoin accumulation; other companies are actively increasing their digital asset holdings as well. For instance, Bitmine, a Bitcoin mining firm that recently shifted its focus towards Ethereum, has been making regular purchases, although it did not announce any new acquisitions this week.

Bitmine’s chairman, Tom Lee, stated that the company has opted to slow its purchase pace, as it exceeded its target of acquiring 5% of Ethereum’s total supply by late 2026, which it was on track to meet much sooner.

Current Ethereum Market Status

As of now, Ethereum is trading at approximately $2,300, reflecting a slight decline of 0.5% over the past week.