Latest Purchase Adds $555M Worth of Bitcoin
Strategy (MSTR), led by Michael Saylor, has acquired an additional 6,556 BTC for $555.8 million**, elevating its total holdings to **538,200 BTC**. This purchase was funded through proceeds from the company’s at-the-market (ATM) stock offerings, including the sale of **1.76 million Class A common shares** ($547.7 million) and 91,000 preferred STRK shares** ($7.8 million).
👉 Explore how institutional investors are leveraging Bitcoin
Key Highlights
- Total Investment: $36.47 billion to date.
- Average Purchase Price: $67,766 per BTC.
- Corporate Leadership: Strategy remains the largest corporate holder of Bitcoin globally.
Market Impact and Performance
As Bitcoin’s price surged to $87,300, MSTR shares gained 2.77% in pre-market trading, reflecting investor confidence in Saylor’s accumulation strategy.
Why This Matters
- Institutional Adoption: Demonstrates aggressive Bitcoin accumulation by public companies.
- Funding Mechanism: Highlights the use of stock offerings to finance BTC purchases.
Frequently Asked Questions (FAQ)
Q: How does Strategy fund its Bitcoin purchases?
A: Primarily through at-the-market (ATM) stock sales, converting equity into BTC.
Q: What is Strategy’s average Bitcoin purchase price?
A: $67,766 per BTC across all acquisitions.
Q: Why is corporate Bitcoin ownership significant?
A: It validates BTC as a treasury asset and encourages broader institutional adoption.
👉 Discover the future of Bitcoin as a corporate reserve asset
Conclusion
Michael Saylor’s relentless Bitcoin strategy underscores a long-term bullish outlook, reinforcing BTC’s role in corporate balance sheets. With 538,200 BTC now held, Strategy sets a benchmark for institutional crypto investment.
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