Strategy Acquires Additional Bitcoin, Total Holdings Reach Over $845K BTC
- Strategy purchased 1,550 Bitcoin for approximately $101.3 million, increasing its total holdings to 845,256 BTC.
- The average purchase price was $65,332 per Bitcoin, with aggregate holdings acquired at an average of $75,680 per BTC.
- Funding for the acquisition came from $181 million in net proceeds from sales of Class A common stock.
- At Bitcoin’s current price of about $63,600, Strategy’s holdings are valued at roughly $53.8 billion.
- Following the announcement, Strategy’s shares rose by 6.55% to $126.90 in pre-market trading.
This acquisition marks a return to Bitcoin buying after a controversial sale of just BTC last week that drew criticism and impacted market prices significantly.
With the latest purchase of over $100 million worth of Bitcoin, Strategy has reaffirmed its commitment to accumulating digital assets despite recent volatility in the market.
