Strategy Boosts Bitcoin Holdings with $370M Purchase
- Strategy acquired 4,603 BTC for $369.7 million, increasing its total holdings to 845,050 BTC.
- The company achieved a net leverage of 0.0% and holds $6.71 billion in USD assets.
- Strategy’s cash reserves increased to $1.61 billion as they repurchased $152 million of STRC securities.
- The average purchase price for the new Bitcoin acquisition was $80,318 per coin.
- Despite the large purchase, Bitcoin’s market price remained stable at around $78,450 per coin.
Strategy’s recent acquisition cements its position as the largest publicly traded corporate holder of Bitcoin, now holding approximately four percent of Bitcoin’s maximum supply of twenty-one million coins.
With expanded cash reserves and zero net leverage, Strategy’s financial strategy remains focused on significant cryptocurrency investments and strategic capital management decisions as September begins.
