Michael Saylor’s Strategy Acquires Another 1,587 Bitcoin for $100 Million as Holdings Reach 846,842 BTC
- Strategy acquired 1,587 Bitcoin last week for $100 million, funding the purchase by selling 1.73 million MSTR shares through Sunday.
- The purchase increased total holdings to 846,842 BTC as Strategy funds both cryptocurrency accumulation and preferred share dividend obligations through equity issuance rather than reserves.
- Purchased at an average price of $63,024 per Bitcoin, the holdings are now worth roughly $56.1 billion at current market rates per CoinGecko data.
- Executive chairman Michael Saylor hinted at the purchase Sunday, writing "Still adding dots," while the preferred share program STRC closed at $94.80 Friday, down around 1%.
- Strategy remains the world's largest corporate Bitcoin holder at roughly 4% of total supply, while increasing its USD Reserve to $1.1 billion via common stock sales.
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Strategy, an American software company famous for holding the world's largest amount of Bitcoin, has purchased additional Bitcoin. This appears to be an aggressive investment strategy, even while incurring significant book losses due to the recent decline in cryptocurrency prices. On the 16th
Michael Saylor’s Strategy Acquires Another 1,587 Bitcoin for $100 Million as Holdings Reach 846,842 BTC
Strategy (MSTR) acquired 1,587 bitcoin for approximately $100 million last week, increasing its total holdings to 846,842 BTC, according to a Monday morning filing. The latest purchase was made at an average price of $63,024 per bitcoin. Alongside the purchase, the company disclosed it had increased its USD Reserve by $100 million, to $1.1 billion, through the sale of common stock. The purchase ran from June 8 to June 14, the same week Strategy …
Michael Saylor continues to expand his Bitcoin bet: Strategy now holds more than four percent of the total BTC offer.
Bitcoin News: Michael Saylor’s Strategy Buys $100M BTC as MSTR Stock Jumps
Key Insights: Bitcoin news: Strategy bought 1,587 BTC for $100M, lifting its total holdings to 846,842 BTC MSTR rose about 7% premarket after Strategy disclosed its latest Bitcoin purchase Strategy raised its USD reserve to $1.1B and reported a $209M stock sale Strategy purchased another 1,587 Bitcoin for approximately $100 million, extending its accumulation strategy for a second consecutive week. The company paid an average price of $63,024 p…
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