Gulf Insider
Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, has blasted past 800,000 BTC in total holdings after announcing its latest purchases. Strategy acquired 34,164 Bitcoin for $2.54 billion between April 13 and 19, according to an 8-K filing with the US Securities and Exchange Commission on Monday. As Helen Partz reports for CoinTelegraph.com, the buy ranks as Strategy’s third-largest Bitcoin acquisition on record by coin count, behind purchases of 55,500 BTC and 51,780 BTC in November 2024. Holding around 780,897 BTC after a $1 billion purchase just a week ago, the company now holds 815,061 BTC, purchased for $61.56 billion. Source: SEC The new acquisition was made at an average price of $74,395 per coin, slightly below the company’s average acquisition price of $75,527. Strategy’s STRC funds more than 85% of the purchase Similar to a few recent acquisitions, the majority of Strategy’s latest purchase has been funded through Stretch (STRC), the company’s perpetual preferred security. According to the filing, STRC generated $2.18 billion, or about 85.7% of total proceeds, while sales of Class A common stock (MSTR) contributed $366 million. Source: SEC Last week marked several new records for STRC, including the company’s largest single-day buying spree through its at-the-market, or ATM, program. On April 13, STRC set a new […]
Go to News Site