Strategy Acquires Additional Bitcoin Amid S&P 500 Exclusion
- Strategy purchased 1,955 BTC for $217.4 million at an average price of $111,196 per Bitcoin.
- The company now holds a total of 638,460 BTC, representing over 3% of Bitcoin’s total supply.
- MSTR stock fell over 2% to approximately $327 following the announcement and amid S&P Committee’s decision not to include it in the index.
- Year-to-date, Strategy has achieved a BTC yield of 25.8% and raised $200.5 million from selling MSTR shares to fund this purchase.
- This marks the sixth consecutive week of Bitcoin purchases by Strategy, with a prior purchase of over $444 million last week.
Despite acquiring significant amounts of Bitcoin and achieving substantial yields, Strategy’s stock has struggled following its exclusion from the S&P index, which also contributed to its recent decline in value.
The latest acquisition adds to Strategy’s extensive Bitcoin holdings while MSTR stock continues to face downward pressure despite a rebound in Bitcoin prices today above $112,000.
