Michael Saylor's Strategy Now Owns Over 600,000 Bitcoin
Briefly

Michael Saylor's Strategy Now Owns Over 600,000 Bitcoin
"Strategy has acquired an additional 4,225 Bitcoin for $472.5 million, bringing its total holdings to 601,550 BTC as corporate Bitcoin adoption continues to surge across markets."
"The acquisition was funded through multiple capital raises, including $330.9 million from common share sales and $141.4 million from preferred stock offerings."
"Strategy's continued accumulation signals growing institutional confidence. Their multi-instrument capital raising approach has created a blueprint for corporate Bitcoin adoption while maintaining strong shareholder value."
"Strategy's Bitcoin holdings are now valued at approximately $73 billion at current prices around $121,500, representing a significant unrealized gain on its $29.27 billion total investment."
Strategy has purchased 4,225 Bitcoin for $472.5 million, increasing total holdings to 601,550 BTC. The acquisition occurred from July 7 to July 13 at an average price of $111,827 per coin, funded by raising $330.9 million from common shares and $141.4 million from preferred stock. The company's holdings are valued at around $73 billion with an unrealized gain based on a $29.27 billion investment. This move demonstrates growing institutional confidence and establishes a blueprint for corporate Bitcoin adoption, with shares reflecting positive market sentiment at a 2.99% increase.
Read at Bitcoin Magazine
Unable to calculate read time
[
|
]