Strategy’s Bitcoin Holdings Reach New Milestone with Recent Purchase
- Strategy acquired 592 Bitcoin for approximately $39.8 million, marking its 100th purchase since August 2020.
- The total Bitcoin holdings now stand at 717,722 BTC, valued at around $47.5 billion based on current prices.
- The latest acquisition was made at an average price of $67,286 per BTC, funded through the sale of shares generating about $39.7 million.
- Strategy has not sold any preferred stock during this reporting period and continues to finance its purchases via equity issuance.
- Since initiating its Bitcoin strategy with a $250 million investment in August 2020, the company has become the largest publicly traded corporate holder of Bitcoin.
This recent purchase highlights Strategy’s ongoing commitment to accumulating Bitcoin as part of its corporate strategy and capital structure over nearly six years.
With the latest addition of BTC, Strategy’s total investment in Bitcoin amounts to approximately $54.56 billion across all purchases.(Source)
