Strategy Acquires Additional Bitcoin as Prices Surge Above $90,000
- Strategy purchased 1,286 BTC for $116 million at an average price of $88,568 per Bitcoin.
- The company now holds a total of 673,783 BTC, acquired for $50.55 billion at an average price of $75,026 per BTC.
- Bitcoin reached a high of $93,000 recently and has a year-to-date gain of about 6%.
- Strategy’s stock (MSTR) increased by over 4%, trading at approximately $164 after the latest purchase.
- The company raised its USD reserve to $2.25 billion to support dividend payments and debt interest.
This acquisition comes ahead of a crucial MSCI decision regarding the classification of digital asset treasury companies, which may impact Strategy’s inclusion in global indices and potentially lead to significant outflows.
With the recent purchase of over a thousand Bitcoins and an increase in USD reserves by $62 million, Strategy is reinforcing its commitment to Bitcoin holdings while preparing for potential market shifts.(Source)
