#BTC☀️
Strategy Invests $555M More in Bitcoin, Total Holdings Reach 538,200 BTC
Key Points:
Strategy acquires 6,556 BTC for $555.8 million.
Funded through proceeds from recent stock offerings.
Company now holds 538,200 BTC bought at an average of $67,766 per coin.
Full Story:
Strategy (MSTR), the largest corporate holder of bitcoin, has expanded its bitcoin portfolio once again. According to a regulatory filing published Monday, the company purchased an additional 6,556 BTC for approximately $555.8 million.
The acquisition was funded through the proceeds of two at-the-market (ATM) stock offerings conducted between April 14 and April 20. Strategy raised $547.7 million through the sale of 1.76 million shares of its Class A common stock and an additional $7.8 million from over 91,000 shares of its STRK preferred stock.
With this latest purchase, Strategy’s bitcoin holdings have reached a total of 538,200 BTC. The firm has spent $36.47 billion to acquire this stash, averaging a cost of $67,766 per bitcoin.
Led by Michael Saylor, Strategy remains the most aggressive institutional investor in bitcoin. Shares of MSTR rose 2.77% in pre-market trading, coinciding with BTC’s surge to $87,300 — hinting at the possibility of a further rally toward the $90K–$92K range.
