Michael Saylor’s Strategy acquires 10,645 bitcoin for $980 million, bringing total treasury holdings to 671,268 BTC
Summary
Strategy, the Bitcoin treasury company, acquired an additional 10,645 BTC for approximately $980.3 million between December 8 and 14, bringing its total holdings to 671,268 BTC, valued at around $60 billion. These acquisitions were funded by proceeds from at-the-market sales of its Class A common stock (MSTR) and perpetual preferred stocks (STRK and STRD). The total holdings represent over 3% of Bitcoin's 21 million supply. Separately, Strategy urged MSCI to drop a proposal that would exclude companies with over 50% of assets in digital assets from its equity benchmarks, arguing it would cause index instability. Despite this scrutiny, Strategy remained in the Nasdaq 100 following its annual rebalancing.
(Source:The Block)