10-28
Strategy Buys 390 BTC for $43 Million Amid S&P Junk Rating
Strategy, led by Michael Saylor, acquired 390 BTC worth $43 million at an average price of $114,562 per coin. The company's total Bitcoin holdings now stand at 640,808 BTC, valued at $47.44 billion. This follows S&P Global assigning Strategy a B- 'junk' rating due to its heavy Bitcoin exposure. Despite the downgrade, Saylor reaffirmed the firm's long-term accumulation strategy.