Strategy Acquires $555 Million in Bitcoin, Boosts Holdings to 538,200 BTC
Finance/Markets

Strategy Acquires $555 Million in Bitcoin, Boosts Holdings to 538,200 BTC

The company has invested a total of $36.47 billion in Bitcoin, maintaining its position as the leading corporate holder of BTC.

Strategy (MSTR) recently acquired an additional 6,556 Bitcoin (BTC), investing approximately $555.8 million, as outlined in a regulatory filing made on Monday. The purchase was made possible through proceeds from the company’s two at-the-market (ATM) stock offering programs.

Continuing its status as the largest corporate holder of Bitcoin, Strategy now possesses a total of 538,200 BTC, with an average purchase price of $67,766 per coin.

In a week-long period, the firm sold 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series known as STRK, between April 14 and April 20. This stock sale generated $547.7 million, while preferred shares contributed an additional $7.8 million.

To date, Strategy has committed $36.47 billion into Bitcoin assets. Recently, MSTR shares saw a pre-market increase of 2.77% as Bitcoin price approached $87,300.

Key Highlights:

  • Addition of 6,556 BTC for $555.8 million.
  • Funded by two ATM stock offerings.
  • Totaling 538,200 BTC at an average price of $67,766.
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