Strategy Bought $27M in Bitcoin at $123K Before Crypto Crash

Strategy (MSTR), the largest corporate owner of Bitcoin, acquired 220 BTC.
The purchase was made at an average price of $123,561 per BTC using funds from selling preferred stocks, raising $27.3 million.
During a significant market drop, Bitcoin prices fell to as low as $103,000, marking a 16% decrease from Strategy's purchase price.
This decline followed an announcement of increased U.S. tariffs on Chinese goods, escalating trade tensions.
Strategy's total holdings now stand at 640,250 BTC, with an average acquisition price of $73,000 since 2020.
MSTR stock rose by 2.5% following the purchase announcement.