Company Boosts Bitcoin Holdings by 705 BTC, Total Reaches Over $60 Billion

Key Highlights:

Strategy now holds 580,955 BTC at an average price of $70,023 per bitcoin.
The company raised $74.6 million by selling its two classes of preferred stock.

Overview

Strategy (MSTR) has expanded its Bitcoin holdings with the acquisition of an additional 705 BTC for approximately $75 million. This acquisition raises the company’s total Bitcoin holdings to 580,955 BTC. The purchase was made at an average price of $106,495 per Bitcoin, which adjusts the overall average purchase price to $70,023 per Bitcoin.

To finance this purchase, the company utilized a number of at-the-market (ATM) equity offerings, leveraging its preferred share classes STRK and STRF. From May 26 to June 1, they sold 353,511 shares of STRK preferred stock for $36.2 million and 374,968 shares of STRF preferred stock for $38.4 million.

At the current Bitcoin market price of $104,000, the company’s total holdings are valued around $60 billion, further affirming its position as the largest corporate holder of Bitcoin and highlighting its continued commitment to Bitcoin as a core treasury asset.