Michael Saylor's Strategy bought $2.46 billion worth of Bitcoin, acquiring 21,021 tokens. Total Bitcoin holdings reach 628,791, valued over $71 billion. The average purchase price for the latest acquisition is $117,526 per token, second highest to last month's average. Strategy has become the leading corporate buyer of Bitcoin, maintaining purchases near record prices. Funding comes from stock offerings and debt, while the company recently reported a $14 billion unrealized gain tied to Bitcoin's rebound.
Michael Saylor's Strategy, formerly MicroStrategy, purchased $2.46 billion in Bitcoin, acquiring 21,021 tokens and raising total holdings to 628,791 Bitcoin, valued at over $71 billion.
The average purchase price of the recent Bitcoin acquisition was $117,526 per token, making it the second-highest average paid by Strategy, following last month's average of $118,940.
Saylor has turned his enterprise software company into the leading corporate buyer of Bitcoin, continually buying even at record price levels, with Strategy holding the largest amount among public companies.
To fund these Bitcoin purchases, Saylor utilizes a mixture of public share offerings and debt, including launching new preferred stock offerings, showcasing a novel treasury strategy.
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