Strategy Buys More Bitcoin While Senate Looks for Crypto Rules
USATue Jun 09 2026
The company has added 1, 550 bitcoins to its wallet, paying an average of $65, 332 each. This move follows a recent sale of 32 coins and brings the total owned to about 845, 256 bitcoins, bought for roughly $64 billion at an average of $75, 680 per coin. The new purchase is the first time the firm has lowered its cost basis since it began buying crypto.
To fund this acquisition, Strategy issued $181 million in new shares and boosted its cash stash by $100 million, raising liquid assets to a full billion dollars. The company’s stock is trading higher, up almost 6 percent at $127. 60.
Analysts note that the crypto market is under pressure from macro trends, weak stocks, oil price swings and a shift of capital into artificial‑intelligence ventures. Bitcoin’s recent fall lacks the heavy trading volume that would signal a lasting bottom, and some experts predict it could settle near $50, 000.
Meanwhile, lawmakers are pushing for a vote on the Digital Asset Market CLARITY Act. Over 200 firms have urged Senate leaders to schedule a decision before the July break, and the bill has moved from committee onto the legislative calendar.
The company’s actions suggest it remains committed to a long‑term strategy, even as the broader market faces uncertainty. Its latest buy may signal confidence that bitcoin’s value will recover over time, while the regulatory push could bring clearer rules for crypto investors.
https://localnews.ai/article/strategy-buys-more-bitcoin-while-senate-looks-for-crypto-rules-c7dcaec2
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