During the recent downturn in the cryptocurrency market, the company executed a major expansion of its reserves by acquiring 10,645 BTC worth $980 million. This operation demonstrates the classic “buy when it’s scary” approach—a financial strategy repeatedly advocated by both critics and Bitcoin supporters.
Opportunity During Price Declines
The company employed a combination of financial instruments—stock markets and its own reserve funds—to finance this significant purchase. Against the backdrop of market fluctuations and the current BTC price around $92,150, such a volume of purchases is considered a substantial bet on Bitcoin’s long-term potential. The strategic calculation is based on the belief that periods of market weakness create the most favorable conditions for accumulating digital assets.
Long-Term Vision in the Asset Portfolio
This operation confirms the organization’s principled stance on Bitcoin as a strategic asset. Regardless of short-term price fluctuations, the company demonstrates a consistent course to increase its BTC reserves, aligning with the position of Bitcoin advocates, including well-known market analysts. This approach diverges from critics like Peter Schiff, who remain skeptical about the long-term potential of digital currencies.
Buying ahead of market instability shows the company’s confidence in Bitcoin’s fundamental value and its readiness to increase positions despite market volatility.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10,645 bitcoins acquired by the company during the market correction
During the recent downturn in the cryptocurrency market, the company executed a major expansion of its reserves by acquiring 10,645 BTC worth $980 million. This operation demonstrates the classic “buy when it’s scary” approach—a financial strategy repeatedly advocated by both critics and Bitcoin supporters.
Opportunity During Price Declines
The company employed a combination of financial instruments—stock markets and its own reserve funds—to finance this significant purchase. Against the backdrop of market fluctuations and the current BTC price around $92,150, such a volume of purchases is considered a substantial bet on Bitcoin’s long-term potential. The strategic calculation is based on the belief that periods of market weakness create the most favorable conditions for accumulating digital assets.
Long-Term Vision in the Asset Portfolio
This operation confirms the organization’s principled stance on Bitcoin as a strategic asset. Regardless of short-term price fluctuations, the company demonstrates a consistent course to increase its BTC reserves, aligning with the position of Bitcoin advocates, including well-known market analysts. This approach diverges from critics like Peter Schiff, who remain skeptical about the long-term potential of digital currencies.
Buying ahead of market instability shows the company’s confidence in Bitcoin’s fundamental value and its readiness to increase positions despite market volatility.