Strategy Expands Bitcoin Holdings with New Purchase
- Strategy is estimated to have bought an additional 2,110 BTC on May 13.
- The purchase was funded by proceeds from its STRC preferred stock program, which raised $206 million in May by issuing shares near the $100 par value.
- This acquisition brings Strategy’s total holdings to approximately 820,979 BTC, acquired at an average cost of around $75,540 per coin.
- The company controls roughly 4% of Bitcoin’s fixed supply of 21 million coins.
- STRC offers an annual yield of 11.5%, serving as a funding vehicle without diluting common stockholders at the same rate.
Strategy continues its aggressive accumulation strategy, using financial instruments like STRC to fund purchases while maintaining a significant stake in the Bitcoin market.
With this latest acquisition, Strategy reinforces its position as a major player in the cryptocurrency space, holding nearly 821,000 BTC. (Source )
