Strategy Acquires $43 Million in Bitcoin Amid Dividend Plans
- Strategy purchased 535 Bitcoin for $43 million between May 4 and May 10 at an average price of $80,340 per BTC.
- This acquisition increased Strategy’s total holdings to 818,869 BTC, valued at approximately $61.86 billion.
- Funding for the purchase primarily came from the sale of Class A common stock (MSTR), totaling about $42.9 million.
- Shares of Strategy rose by 4.3% in pre-market trading following the announcement, reaching over $187.50.
- Michael Saylor indicated that the company might sell some Bitcoin to fund dividends without harming the market.
The recent acquisition reflects Strategy’s ongoing commitment to its Bitcoin accumulation strategy, despite potential sales for dividends raised during its earnings call. Investor sentiment remains mixed regarding these sales and their impact on the market.
With this latest purchase, Strategy has now acquired a total of over $61 billion in Bitcoin holdings while navigating investor concerns about future sales impacting prices.(Source)
