"Strategy's latest acquisition of 34,164 bitcoin for $2.54 billion brings its total holdings to 815,061 BTC, surpassing BlackRock's 802,823 BTC. This purchase is the company's third largest and reflects its ongoing commitment to bitcoin accumulation since 2020."
"The firm has spent approximately $61.56 billion on bitcoin, with an average cost basis of $75,527 per coin. With bitcoin trading near $75,000, the holdings are close to break-even after recent market fluctuations."
"Financing for the recent purchases included $366 million from common share sales and about $2.18 billion from the perpetual preferred stock offering known as STRC, which has become crucial for funding acquisitions."
Strategy acquired 34,164 bitcoin for approximately $2.54 billion, raising its total holdings to 815,061 BTC. This purchase, made at an average price of $74,395 per bitcoin, marks the company's third largest acquisition. Strategy has spent around $61.56 billion on bitcoin, with an average cost basis of $75,527 per coin. The firm surpassed BlackRock in total bitcoin holdings. The recent purchases were financed through equity issuance and preferred stock sales, raising about $366 million and $2.18 billion respectively.
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