Strategy buys 2,932 Bitcoin – Its stash crosses $62B, 3.2% of BTC’s total supply!
MicroStrategy, under Michael Saylor, has further expanded its Bitcoin holdings by purchasing an additional 2,932 BTC for approximately $264.1 million at an average price of $90,061 per coin. This acquisition brings the company's total holdings to 712,647 BTC, representing 3.2% of Bitcoin's total supply. The entire stash, acquired at an average cost of $76,037 per bitcoin, represents a total investment of about $54.2 billion. At current market value, these holdings are worth nearly $62.5 billion, resulting in significant unrealized gains. The company funded this purchase by raising cash through sales of its stock and preferred shares. This follows a recent pattern of aggressive accumulation, including a purchase of 22,305 BTC the previous week.
ambcrypto01/27 23:02