Retail Investors Are Nursing Losses, but This Company Bought Even More Bitcoin...Another 89,000 Coins Added

[Financial News] U.S. software company MicroStrategy, which holds more Bitcoin than any other listed company in the world, is reported to have purchased about 89,000 Bitcoins in the first quarter of this year alone.
According to CoinDesk on the 22nd (local time), MicroStrategy bought an additional 89,618 Bitcoins in the first quarter of this year. This is the company’s second-largest quarterly purchase, following the 194,180 coins it acquired in the fourth quarter of 2024.
As a result, MicroStrategy’s total Bitcoin holdings have increased to 761,068 coins. Industry observers say the company could continue to add to its position before the end of the first quarter.
Bitcoin is currently trading more than 40% below its previous all-time high. Nevertheless, MicroStrategy appears to be sticking to its accumulation strategy, using its capital strength to keep buying regardless of short-term price movements.
As of 8 a.m. on the 24th, Bitcoin was changing hands at 104,892,000 won on the Bithumb cryptocurrency exchange, down 0.95% from 24 hours earlier. In dollar terms, it has recovered the 70,000-dollar level and is trading at 70,745 dollars.
The price has been swinging sharply up and down within a single day following comments by former U.S. President Donald Trump on Iran, underscoring how sensitive Bitcoin remains to geopolitical risk.
bng@fnnews.com Reporter Kim Hee-sun Reporter