The "Strategy" company resumes Bitcoin purchases and reaches 600,000 coins
The company “Strategy,” led by “Michael Saylor,” has resumed its Bitcoin purchases after a temporary halt, raising its total Bitcoin holdings to 600,000 Bitcoin, reinforcing its position as the largest institutional owner of the digital currency.
According to a recent disclosure to the U.S. Securities and Exchange Commission, the latest purchase took place between July 7 and 13, during which the company added 4,225 Bitcoin worth approximately $472 million, at an average price of about $111,827 per coin, including fees.
The company funds these purchases through an ongoing stock sale program.
In the same week, it sold more than 797,000 shares of MSTR stock worth approximately $331 million, alongside selling preferred shares of STRK, STRF, and STRD for about $141 million, providing additional liquidity to support its Bitcoin-based strategy.
These sales are part of a broader plan to raise funds through stock issuance, as the company still holds a mandate to sell billions of dollars in shares.
MSTR shares ended last Friday’s trading up by 3%, while the stock recorded a slight positive performance in pre-market trading on Monday morning, according to “Yahoo Finance” data.
