Just now I saw that Strategy is heavily adding more bitcoin again, even though the price has dropped significantly this quarter. They have already added nearly 90,000 BTC since January, bringing their total portfolio to over 761,000 BTC. This makes this quarter their second-best period ever for purchases.

What stands out is that this goes against the trend—while bitcoin has fallen by about 20%, Strategy keeps buying. The previous quarter was even bigger (194.000 BTC), when the price shot up to $100,000. Now we’re much lower, but they keep pushing ahead with full confidence.

The financing runs partly through their own STRC offering, which has done well over the past few weeks. So it’s not only the price of bitcoin that determines their strategy, but above all the available funds. With two more months to go in this quarter, the figures could still rise significantly. It’s interesting to see how they, as the largest bitcoin holder in the world, take advantage of this market momentum.