๐๐๐๐๐๐๐ก ๐๐๐ฎ๐ก๐ค๐ง'๐จ ๐๐ฉ๐ง๐๐ฉ๐๐๐ฎ ๐ผ๐๐๐จ 1,895 ๐ฝ๐๐ฉ๐๐ค๐๐ฃ, ๐ฝ๐ง๐๐ฃ๐๐๐ฃ๐ ๐พ๐ค๐ข๐ฅ๐๐ฃ๐ฎ ๐๐ฉ๐๐๐ ๐ฉ๐ค 555,450 ๐ฝ๐๐พ
Michael Saylor's Strategy Inc. (formerly MicroStrategy) has expanded its Bitcoin holdings by acquiring an additional 1,895 BTC for $180.3 million, averaging $95,167 per coin. This purchase elevates the company's total holdings to 555,450 BTC, acquired at an average price of $68,550, with a cumulative investment exceeding $38 billion.
The acquisition was financed through the sale of $128.5 million in common stock and $51.8 million in STRK preferred stock, effectively utilizing the remainder of Strategy's 2024 $21 billion at-the-market (ATM) offering. Subsequently, the company initiated a new $21 billion ATM offering to continue its aggressive Bitcoin accumulation strategy.
At Bitcoin's current price of approximately $94,000, Strategy's holdings are valued at over $52 billion, reinforcing its position as the largest corporate holder of Bitcoin.
This move underscores Strategy's commitment to leveraging capital markets to bolster its cryptocurrency portfolio, reflecting a strategic pivot from its traditional enterprise software roots to a crypto-focused investment approach.
