Strategy, led by billionaire Michael Saylor, bought over $21 million worth of Bitcoin last week, bringing its total holdings to approximately $70 billion. This purchase marks the company’s fifth acquisition since August, following a period where it sold portions of its reserves as Bitcoin fell from $126,000 in October to a low of $58,000 in June. Other major players have also strengthened their positions, including Strive, co-founded by billionaire Vivek Ramaswamy, which invested $169 million to acquire 2,000 Bitcoin, and Robinhood, which spent $25 million. Bitcoin was trading around $82,600 Monday morning, up from the $77,000 level reached in mid-August, with some analysts forecasting a rebound toward $100,000 by year-end.
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