By USA Goldmines 
Strategy has acquired nearly 14,000 Bitcoin in its latest buy-up of the cryptocurrency, trusting Michael Saylor’s vision even as prices flicker after the tariff truce. The purchase, which was announced by Saylor on Monday, pushes Strategy’s stash past half a million coins, daring regulators and markets alike.
Strategy Continues Dramatic Bitcoin Acquisition
According to a May 12 filing with the United States Securities and Exchange Commission (SEC), the Virginia-based software firm purchased 13,390 Bitcoin at $99,856 per coin for a total of $1.34 billion.
The company currently holds 568,840 $BTC acquired for $39.41 billion at $69,287 per Bitcoin, a May 12 X post from Saylor states.
Strategy has long been known for its controversial Bitcoin acquisition strategy, with Saylor launching the organization’s Bitcoin buy-up back in 2020.
News of Strategy’s latest purchase comes just after crypto markets surged following an announcement from the White House that the United States and China will enact a three-month pause on current tariffs in hopes of finding a long-term solution.
“For too long, unfair trade practices and America’s massive trade deficit with China have fueled the offshoring of American jobs and the decline of our manufacturing sector,” a Monday press release from the White House reads.
“In reaching an agreement, the United States and China will each lower tariffs by 115% while retaining an additional 10% tariff during the period of the pause,” the statement continues.
Michael Saylor’s Bitcoin Buy-up Continues
Despite rallying above $105,000 briefly on May 12, the cryptocurrency has since dropped more than 1.5%. Strategy briefly suspended purchases of the cryptocurrency earlier this year after the launch of Trump’s “Liberation Day” tariffs that saw global markets collapse into chaos.
However, a May 1 X post from Saylor indicates that the Bitcoin treasury company is up by more than 3,000% since “adopting the Bitcoin standard.”
Saylor has also advocated for establishing clear crypto policies stateside, attending the White House’s Crypto Summit back in March.
The post Strategy Scoops 13,390 Bitcoin in $1.34B Blitz – Tariff Truce Sparks Volatility appeared first on Cryptonews.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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