Strategy Confirms Latest Buy Of 10,624 BTC for $962 Million
The post Strategy Confirms Latest Buy Of 10,624 BTC for $962 Million appeared on BitcoinEthereumNews.com. Strategy purchases 10,624 BTC for $962M, increasing holdings to 660,624 BTC. MSTR stock rises 2% amid Bitcoin price fluctuations. Michael Saylor’s Strategy, formerly known as MicroStrategy, has made a major Bitcoin acquisition. The company confirmed that it purchased 10,624 BTC for $962.7 million, expanding its holdings to a total of 660,624 BTC. Following this massive purchase, Strategy’s stock price jumped more than 2%. The announcement came during Saylor’s participation at the Bitcoin MENA conference, with the firm targeting further growth and expansion. Strategy’s Massive Bitcoin Purchase On December 8, Strategy revealed it had purchased 10,624 BTC between December 1 and 7. The average price per Bitcoin in this acquisition was $90,615. This adds to the company’s existing Bitcoin holdings, bringing the total to 660,624 BTC. These Bitcoin holdings have been acquired for a total of $48.38 billion, averaging $74,436 per coin. Strategy has just acquired 10 624 BTC for ~$962.7 million at ~$90 615 per bitcoin. They now hodl 660,624 $BTC 🔥 This is the biggest purchase made since July. pic.twitter.com/0v1acaNjR9 — Darkfost (@Darkfost_Coc) December 8, 2025 Michael Saylor shared the news with shareholders via X, emphasizing the company’s ongoing commitment to its Bitcoin strategy. He also mentioned that the company’s Bitcoin yield had reached 27.8% year-to-date (YTD). This purchase underscores Strategy’s belief in Bitcoin as a core asset for its long-term growth, even as the price of Bitcoin experiences fluctuations. Strategy Stock Reacts to Bitcoin Purchase Following the announcement of the purchase, Strategy’s stock (MSTR) rose by more than 2%. The increase in stock price reflects investor confidence in the company’s Bitcoin acquisition strategy. MSTR stock was priced at $182.45 during pre-market trading, showing a positive reaction from the market. However, this increase came amid a broader decline in Bitcoin’s price, which fell below $92,000. Despite the pullback…