Institutional Whale Gobbles Up $1.34B in Bitcoin—Portfolio Nears $60B

Another billion-dollar bet on Bitcoin as institutional FOMO hits fever pitch. The silent accumulation continues—Wall Street’s ’digital gold’ playbook now looks more like a panic buy.

Who needs fundamentals when you’ve got FOMO? The strategy’s latest splurge proves even suits can’t resist chasing the crypto dragon. Meanwhile, retail investors still can’t decide between memecoins and rent money.

Strategy’s aggressive BTC buying

Strategy has aggressively acquired Bitcoin since 2020 and remains the largest public holder of the asset. The company’s MSTR shares ROSE 2% in pre-market trading on the news.

With Bitcoin currently trading NEAR $104,000, Strategy’s Bitcoin treasury represents a major bet on the cryptocurrency’s long-term value. 

The firm has continued to finance purchases through stock offerings, signaling that it sees Bitcoin as a better store of value than cash or other corporate reserves.