Michael Saylor’s Strategy added more Bitcoin [BTC] to its holdings last week!
The company acquired 2,932 BTC for about $264.1 million at an average price of $90,061 per coin, according to a filing with the U.S. Securities and Exchange Commission.
Strategy stacks more Bitcoin!
The latest purchase took its total holdings to 712,647 BTC after a fresh round of purchases. That’s 3.2% of BTC’s total 21 million supply!
The stash, purchased at an average price of about $76,037 per bitcoin, represents a total outlay of roughly $54.2 billion, including fees.
At current market prices, the holdings are valued near $62.5 billion, so there are sizable unrealized gains.
To fund the latest acquisitions, the company tapped capital markets, raising cash through at-the-market sales of its Class A common stock and perpetual preferred shares.
Even after last week’s sales, Strategy said billions of dollars’ worth of shares remain available under these programs.
A tale as old as time
As has become routine, Strategy’s latest Bitcoin buying spree was teased before it was confirmed. On Sunday, executive chairman and co-founder Michael Saylor posted an update from the company’s Bitcoin acquisition tracker.
A day later, the meaning became clear.
This purchase comes a week after Strategy disclosed that it had bought 22,305 BTC for roughly $2.1 billion. This was at an average price of $91,519 per coin.
The purchase took the firm’s total holdings to 709,715 BTC at the time and was its largest weekly accumulation since November 2024, when Strategy added 55,500 BTC.
