Strategy's Bitcoin Investment Exceeds $50B with Recent Acquisition of 10,645 BTC

Michael Saylor's business intelligence software company, Strategy, has spent over $50 billion on Bitcoin, including a recent purchase of 10,645 BTC for $980.3 million. Despite the cryptocurrency's recent market correction, the company's holdings are valued at over $60 billion, yielding an unrealized profit of $10 billion. However, Strategy's stock prices have been declining, with a 41% loss in value since the start of the year. This downtrend marks its worst performance since the adoption of the Bitcoin reserve strategy.