‘It’s orange dot day’: Strategy buys another 390 bitcoin for $43 million, bringing total holdings to 640,808 BTC
The Block
Strategy acquired 390 more bitcoins for $43.4 million, increasing its total holdings to 640,808 BTC.Summary
Strategy, the world's largest bitcoin treasury company, purchased an additional 390 bitcoins for approximately $43.4 million between October 20 and October 26, at an average price of $111,117 per coin. This purchase brings Strategy's total holdings to 640,808 BTC, acquired at an average cost of $74,032 per bitcoin, totaling about $47.4 billion. This amount represents over 3% of Bitcoin's total supply, implying significant paper gains at current prices. The latest acquisition was funded using proceeds from at-the-market sales of its perpetual preferred stock programs (STRK, STRF, and STRD). Michael Saylor had previously hinted at the purchase by tweeting, "It's orange dot day."
(Source：The Block)