Strategy Buys More Bitcoin While Senate Looks for Crypto Rules

The firm has added 1,550 bitcoins to its wallet at an average price of $65,332 each, bringing the total owned to roughly 845,256 bitcoins. This follows a recent sale of 32 coins and represents the first time the company has lowered its cost basis since it began buying crypto.

Funding the Purchase

• $181 million raised through new share issuance
• $100 million added to cash reserves, pushing liquid assets to a full $1 billion

The company’s stock is now trading higher, up almost 6 % at $127.60.

Market Context

Analysts point out that the crypto market is under pressure from:

• Macro trends
• Weak equities
• Oil price swings
• Capital flowing into artificial‑intelligence ventures

Bitcoin’s recent decline lacks the heavy trading volume that would signal a lasting bottom. Some experts predict it could settle near $50,000.

Regulatory Developments

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.

Bottom Line

The company’s actions suggest a long‑term commitment to Bitcoin, 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.