Saylor’s Strategy Acquires 1,895 BTC for $180 Million
- Strategy acquired 1,895 Bitcoin between April 28 and May 4.
- Total Bitcoin holdings increased to 555,450 BTC, representing 2.6% of the total supply.
- The purchase was funded by selling Class A common stock (MSTR) and Series A preferred stock (STRK).
- Last week, the company sold 353,825 MSTR shares and 575,392 STRK shares for $180 million.
- Despite a Q1 net loss of $4.2 billion, Strategy plans to raise another $21 billion to expand its Bitcoin acquisition strategy.
Strategy has continued its aggressive Bitcoin accumulation by purchasing an additional 1,895 BTC for $180 million through stock sales. This purchase increases their holdings to over half a million Bitcoins.
Source (2.6)https://cryptobriefing.com/bitcoin-proxy-strategy-scoops/?rand=59535