Michael Saylor’s Strategy Acquires $2B in Bitcoin, Total Holdings Reach 843,738 BTC
- Strategy acquired 24,869 Bitcoin (BTC) for $2.01 billion between May 11 and May 17.
- The average purchase price was $80,985 per BTC, increasing the company’s cost basis to $75,700.
- Strategy now holds a total of 843,738 BTC, valued at approximately $65.3 billion according to current market prices.
- 97% of the funding for this purchase came from sales of STRC perpetual preferred stock, raising about $1.95 billion.
- The company’s Class A common stock (MSTR) generated about $83.7 million from share sales.
This acquisition marks another significant investment by Strategy under Michael Saylor’s leadership as it continues to increase its Bitcoin holdings significantly over time.
With the latest purchase of nearly $2 billion in Bitcoin, Strategy’s total holdings now stand at an impressive 843,738 BTC, reinforcing its position as the largest public holder of Bitcoin.
