Michael Saylor’s Strategy Acquires Additional Bitcoin Holdings
- Strategy purchased 1,587 Bitcoin (BTC) for $100 million between June 8 and June 11.
- The average price paid per Bitcoin was $63,024, slightly lowering the overall cost basis to $75,656.
- With this acquisition, Strategy now holds a total of 846,842 BTC valued at approximately $56.1 billion based on current prices.
- Funding for the purchase came from selling Class A common stock (MSTR), raising about $209 million through the sale of shares.
- The company’s preferred share program STRC has traded below its par value for four consecutive weeks.
Michael Saylor’s Strategy continues to expand its cryptocurrency portfolio despite trading below its average cost basis. The recent acquisition reflects ongoing confidence in Bitcoin as a long-term asset while managing liquidity through stock sales.
With the latest buy of over $100 million in Bitcoin, Strategy’s holdings now total nearly $64 billion in investment value.(Source)
