Strategy Increases Bitcoin Holdings to 848,000 BTC with New Purchase
- Strategy acquired an additional 334 BTC for $28.7 million between Oct. 1 and Oct. 4.
- The average price per bitcoin in this purchase was $85,838.80, higher than the company’s overall average acquisition price of $75,440.70.
- Strategy’s total bitcoin cost basis reached approximately $63.97 billion as of Oct. 4.
- The purchase was funded by $15.7 million from MSTR stock sales and $13 million from cash reserves.
- Executive Chairman Michael Saylor reported a digital asset gain of approximately $21 billion in Q3.
Strategy’s recent acquisition of Bitcoin has increased its holdings to a substantial total of 848,000 BTC. This move highlights the company’s continued investment strategy despite the high average purchase price compared to its historical average.
With a significant digital asset gain reported in Q3, Strategy’s strategic financial maneuvers underscore its commitment to expanding its Bitcoin portfolio while managing resources effectively through stock sales and cash reserves.(Source)
