Strategy Acquires 1,665 Bitcoin for $142.7 Million
- Michael Saylor’s Strategy purchased 1,665 Bitcoin for $142.7 million last week.
- The total Bitcoin holdings now stand at 847,666 BTC.
- The average purchase price was $85,681 per coin during the week.
- Strategy has invested a total of $63.95 billion in its Bitcoin holdings at an average price of $75,437 per coin.
- Funding came from selling MSTR stock, with net proceeds of $246.2 million allocated to various purchases.
This acquisition reflects Strategy’s ongoing commitment to increasing its Bitcoin assets while managing its cash reserves and preferred stock repurchases effectively.
Last week’s purchase adds to a substantial investment strategy that has seen the company spend over $63 billion on Bitcoin since inception, reinforcing its position in the cryptocurrency market.
