Strategy’s Bitcoin Holdings Near BlackRock’s ETF After $1 Billion Purchase
- Strategy purchased approximately 14,000 Bitcoin last week, marking its largest acquisition in nearly a month.
- The firm’s total Bitcoin holdings have increased to nearly 781,000 Bitcoin, valued at $55.3 billion based on recent prices.
- Michael Saylor stated that Strategy could meet dividend obligations indefinitely if Bitcoin appreciates by at least 2% annually.
- Strategy is close to surpassing BlackRock’s spot Bitcoin ETF, which holds an estimated 790,000 Bitcoin.
- The firm raised $3.55 billion via its STRC preferred shares since last July, exceeding the share’s $2.5 billion public offering.
Strategy has significantly expanded its Bitcoin holdings with a recent purchase of approximately $1 billion worth of the cryptocurrency, nearing the amount held by BlackRock’s spot Bitcoin ETF. The firm utilized proceeds from its flagship preferred share for this acquisition.
With nearly 781,000 Bitcoin now in its portfolio and a strategic approach to funding acquisitions through STRC shares, Strategy remains a major player in the cryptocurrency market. (((((<(<(<(<(<(<(<(<(<<(<(<<<<<(<<<<<(<<<<<(<<<<<(<<<<<<<<<(<<<<<<<<<(<<<<<<<<<<<<<<<(<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< Source
