#SaylorBTCPurchase

Strategy (formerly known as MicroStrategy) has added 6,556 Bitcoin (BTC) to its balance sheet, spending a total of $555.8 million for the new acquisition. 

Follow LACHAKARI Crypto

The purchase was funded by proceeds from the company’s two at-the-market (ATM) stock offerings. According to a regulatory filing, Strategy sold 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series, STRK, between April 14 and April 20. The common stock sale raised $547.7 million, while the preferred shares generated $7.8 million.

Total Bitcoin Holdings Now at 538,200 BTC

With this latest purchase, Strategy’s total Bitcoin holdings have increased to 538,200 BTC, acquired at an average price of $67,766 per coin. 

The firm’s move to bolster its Bitcoin position follows a pattern of frequent buys since Michael Saylor, the company’s executive chairman, led the charge for significant Bitcoin purchases. The most recent purchase happened on April 14, when the firm bought 3,459 BTC, resuming its purchases after a 7-day stay.