Strategy Acquires Additional Bitcoin as Market Rebounds
- Strategy purchased 487 BTC for $49.9 million at an average price of $102,557 per Bitcoin.
- The company now holds a total of 641,692 BTC, acquired for $47.54 billion at an average price of $74,079 per Bitcoin.
- Year-to-date (YTD), Strategy has achieved a BTC yield of 26.1%.
- To fund this purchase, Strategy sold shares raising approximately $50 million from multiple stock sales.
- The company’s stock (MSTR) rose over 3% in premarket trading to around $249 following the announcement.
- Bitcoin recently peaked at $106,000 amid optimism surrounding the U.S. government shutdown resolution.
This acquisition aligns with Strategy’s ongoing strategy to accumulate Bitcoin despite market fluctuations and follows their plan to raise $715 million through STRE stock for further purchases by November 13.
With this latest purchase, Strategy continues to reinforce its position in the cryptocurrency space while holding significant assets valued at over $47 billion in Bitcoin.
