Bitcoin Surges Past $112,000 as Strategy Invests $217 Million in BTC
Bitcoin (BTC) has experienced a significant surge, climbing 1.4% to over $112,600, driven by robust institutional accumulation. This uptick is supported by recent corporate treasury moves, including a substantial $217 million purchase by business intelligence firm Strategy. 
This investment has lifted Strategy’s total holdings to 638,460 BTC, valued at over $71 billion at current market rates. The purchase, executed at an average price of $111,196 per Bitcoin, was funded entirely using net proceeds from Strategy’s active at-the-market equity offering programs. This approach allows the company to scale its holdings without straining day-to-day operations.
Why Strategy Continues to Invest in Bitcoin
Strategy’s Chairman, Michael Saylor, framed the company’s ongoing accumulation in macroeconomic terms, arguing that Bitcoin’s scarcity is a hedge against the erosion of purchasing power in fiat currencies. Saylor believes that the current mix of weakening labor data and looming rate cuts only strengthens the case for holding a non-sovereign monetary asset. He stated, “Bitcoin is the apex asset of the 21st century.”
Saylor’s conviction is shared by other influential voices in finance, including BlackRock chief executive Larry Fink, who now views Bitcoin as “digitizing gold on a global scale.” Fink noted that institutional interest has shifted from curiosity to serious allocation discussions, with Bitcoin increasingly viewed as a legitimate store of value rather than a speculative instrument.
Risks and Rewards of Strategy’s Investment Approach
While Strategy’s high-conviction play has been successful so far, it carries risks. The company’s holdings represent more than 3 percent of Bitcoin’s circulating supply, a concentration that ties its fortunes closely to the volatile crypto market. The bet assumes that Bitcoin will continue to appreciate and capital markets will remain receptive to financing the purchases through equity issuance.
Skeptics argue that this approach leaves shareholders overly exposed to a single asset class that remains subject to regulatory, technological, and geopolitical shocks. However, Saylor and his supporters frame this as visionary treasury management, demonstrating the company’s commitment to its investment strategy.
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