Strategy Expands Bitcoin Holdings with $1.57B Purchase
Strategy, the largest publicly traded holder of bitcoin, continued its aggressive accumulation strategy with a $1.57 billion BTC purchase last week, according to a Monday filing.
Under the leadership of Michael Saylor, the company acquired 22,337 bitcoin at an average price of $70,194 per token. The latest buy lifts total holdings to 761,068 BTC, accumulated at a total cost of $657.61 billion, or an average price of $75,696 per coin.
The transaction marks Strategy’s fifth-largest weekly bitcoin purchase to date.
Bitcoin was trading at approximately $73,600 on Monday morning, up 2.6% over the past 24 hours.
The acquisition was primarily financed through $1.1 billion raised via sales of STRC preferred stock, alongside an additional $396 million generated from common share sales.
Shares of Strategy (MSTR) gained about 4% in pre-market trading, tracking bitcoin’s weekend strength.
