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Michael Saylor's Strategy Adds 1,895 Bitcoin, Elevating Holdings to 555,450 BTC
In a continued demonstration of its unwavering commitment to Bitcoin, Strategy (formerly MicroStrategy), under the leadership of Executive Chairman Michael Saylor, has acquired an additional 1,895 BTC for approximately $180.3 million. This purchase, disclosed in a recent SEC filing, brings the company's total Bitcoin holdings to 555,450 BTC, acquired at an aggregate cost of over $38 billion, with an average purchase price of $68,550 per coin .
This latest acquisition follows a significant purchase just a week prior, where Strategy bought 15,355 BTC for $1.42 billion, averaging $92,737 per coin . The company's aggressive accumulation strategy has resulted in its Bitcoin holdings being valued at over $52 billion, reflecting a substantial unrealized gain .
Strategy's approach involves leveraging capital markets to fund its Bitcoin purchases, often through stock sales and convertible debt offerings. This method has positioned the company as a leading corporate holder of Bitcoin, influencing other firms to consider similar treasury strategies .
Michael Saylor's vision of Bitcoin as a superior store of value continues to drive Strategy's investment decisions. By consistently increasing its Bitcoin reserves, the company aims to capitalize on the cryptocurrency's long-term appreciation potential, reinforcing its role as a pioneer in corporate Bitcoin adoption.
As of the latest trading session, Strategy's stock (MSTR) is priced at $380.35, reflecting the market's response to its ongoing Bitcoin investment strategy .
