Michael Saylor’s Strategy Expands Bitcoin Holdings with $100M Purchase
- Strategy acquired 1,587 Bitcoin (BTC) for $100 million between June 8 and June 11.
- The purchase was made at an average price of $63,024 per BTC, lowering the overall average cost basis to $75,656.
- Strategy now holds a total of 846,842 BTC, valued at approximately $56.1 billion based on current prices.
- The acquisition was funded through sales of Class A common stock (MSTR), raising about $209 million from selling 1.73 million shares.
- Preferred share programs showed no activity, with STRC trading below its par value for four consecutive weeks.
Michael Saylor’s Strategy continues its aggressive accumulation of Bitcoin despite trading below its average cost basis. The latest purchase indicates ongoing confidence in the cryptocurrency market and the company’s financial strategy.
With the recent acquisition of 1,587 BTC, Strategy’s total holdings now stand at 846,842 BTC, reflecting a significant investment commitment totaling around $64.07 billion.(Source)
