Strategy Boosts Bitcoin Holdings Above $47 Billion With Latest Buy
Strategy purchased 6,500 Bitcoin for $556 million, increasing its total holdings to 538,000 Bitcoin valued at $46.8 billion. The acquisition occurred at an average price of $84,800, funded by $548 million from Class A common shares and $8 million from perpetual “STRK” preferred stock sales. Despite economic uncertainty due to U.S. trade tensions, Strategy has consistently bought Bitcoin since mid-March, acquiring it on five of the last six Mondays. Recent purchases varied significantly, including a $1.9 billion buy two weeks after an $11 million purchase. Strategy's shares are trading around $322, with fluctuations noted. Co-founder Michael Saylor emphasized the company's broad investor base, including 13,000 institutions and 814,000 retail accounts, along with 55 million investors with indirect exposure through various funds. Strategy was added to the Nasdaq 100 in December and may eventually join the S&P 500, although consistent profitability remains a hurdle.
