Michael Saylor’s Strategy Acquires Additional Bitcoin Holdings
- Strategy purchased 1,665 Bitcoin for $142.7 million last week.
- Total Bitcoin holdings now stand at 847,666 BTC after the recent acquisition.
- The average purchase price was $85,681 per coin, as reported in a Sept. filing with the SEC.
- Strategy has invested a total of $63.95 billion in Bitcoin at an average price of $75,437 each.
- Funding came from selling approximately 1.47 million shares for net proceeds of $246.2 million.
The recent purchase reflects Strategy’s ongoing commitment to increasing its Bitcoin holdings through strategic stock sales and reinvestment efforts. The company’s cash reserves have also adjusted following these transactions.
With this latest acquisition, Strategy’s total investment in Bitcoin has reached $63.95 billion, emphasizing its aggressive expansion strategy in the cryptocurrency market.
