Strategy Inc. (NASDAQ:MSTR) purchased 24,869 Bitcoin (CRYPTO: BTC) for approximately $2.01 billion at an average price of $80,985 per coin last week, bringing total holdings to 843,738 BTC.
Strategy Now Holds Over 4% Of Bitcoin Supply
Strategy’s total Bitcoin holdings now represent more than 4% of Bitcoin’s 21 million supply cap.
The company acquired all 843,738 BTC at an average price of $75,700 per coin for a total cost of around $63.9 billion, implying approximately $1.4 billion in paper gains at current prices.
The latest acquisitions were funded through at-the-market sales of Class A common stock MSTR and perpetual preferred stock STRC.
Strategy sold 430,344 MSTR shares for approximately $83.7 million and 19,519,801 STRC shares for $1.95 billion.
Michael Saylor hinted at the purchase beforehand, sharing “Big dot energy” on Sunday, suggesting a substantial acquisition disclosure was coming.
STRC Preferred Stock Driving Recent Purchases
STRC, a variable-rate cumulative preferred stock offering monthly …
