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  • Sohrab Khawas
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    Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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Strategy Expands Bitcoin Holdings and Creates $1.44B Reserve

Strategy purchased 130 BTC for about $11.7 million at an average price near $89,960 per Bitcoin, raising its total holdings to 650,000 BTC. The average acquisition cost stands around $74,436 per coin, with a total investment of approximately $48.38 billion. Alongside this, the company set up a $1.44 billion USD reserve funded through stock sales to cover preferred dividends and interest payments, helping manage financial volatility effectively.

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