Growth
Strategy Adds Bitcoin Holdings
OKX, a cryptocurrency trading platform, announced that its Bitcoin holdings reached 848,250 BTC after purchasing 250 Bitcoin for $21.5 million. This purchase marks the second consecutive week of decreased Bitcoin purchases. The company, led by Michael Saylor, maintains a $4.88 billion cash reserve and has a $4.88 billion US Reserve to support preferred stock dividends and debt interest payments. The company's Bitcoin holdings have grown by just 0.2% in the third quarter, with acquisitions of 7,218 BTC and sales of 5,553 BTC. The growth in Bitcoin holdings is part of Strategy's overall growth strategy, which includes repurchasing shares of its preferred stock and maintaining a strong cash reserve.