Strategy Acquires $1.57 Billion in Bitcoin, Total Holdings Exceed 761,000 BTC
- Strategy purchased 22,337 Bitcoin (BTC) for $1.57 billion last week.
- Total Bitcoin holdings now stand at 761,068 BTC, acquired for approximately $57.61 billion.
- The recent purchase was made at an average price of $70,194 per BTC.
- Strategy sold a record of $1.18 billion in its preferred stock (STRC) to fund the acquisition.
- The company aims to acquire an additional 238,932 BTC to reach a total of one million BTC by the end of the year.
This significant acquisition reflects Strategy’s aggressive approach towards building its Bitcoin reserves amid favorable market conditions and increased liquidity from preferred stock sales.
With the latest purchase of over $1.5 billion worth of Bitcoin, Strategy’s total holdings have surpassed Bitcoin reserves of over 761,000 BTC, showcasing its commitment to cryptocurrency investment.(Source)
