"Bitcoin's price surged above $115,000 on Monday as Strategy, the largest corporate holder of Bitcoin, announced another significant purchase of Bitcoin. The business intelligence firm acquired 390 BTC between October 20 and October 26, spending approximately $43.4 million at an average price of $111,053 per Bitcoin. According to a Form 8-K filing released today, Strategy's total Bitcoin holdings have now reached 640,808 BTC, with an aggregate purchase price of $47.44 billion."
"The latest acquisition was funded through proceeds from Strategy's At-The-Market (ATM) equity programs, specifically through the issuance of preferred shares under its STRF, STRK, and STRD ATM programs. The company raised a combined total of $43.4 million during the period to finance these purchases. The announcement comes amid a growing trend of companies adopting Bitcoin treasury strategies. Recent data indicates that publicly traded companies now hold over $110 billion worth of Bitcoin, with Strategy alone accounting for approximately $74 billion of that total."
Strategy acquired 390 BTC between October 20 and October 26, spending about $43.4 million at an average price of $111,053 per Bitcoin. Strategy's total Bitcoin holdings now stand at 640,808 BTC with an aggregate purchase price of $47.44 billion and an average purchase price of $74,032 per Bitcoin including fees and expenses. The recent purchase was financed through proceeds from Strategy's ATM equity programs via preferred share issuances under STRF, STRK, and STRD, raising $43.4 million. Publicly traded companies hold over $110 billion in Bitcoin, with Strategy representing roughly $74 billion. Bitcoin traded above $115,000 amid institutional buying and the approaching 2026 halving.
Read at Bitcoin Magazine
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