Michael Saylor’s Strategy buys another 2,932 bitcoin for $264 million as total holdings reach 712,647 BTC
Strategy acquired 2,932 BTC for $264.1 million, bringing its total holdings to 712,647 BTC purchased at an average price of $76,037.Summary
Strategy, led by executive chairman Michael Saylor, purchased an additional 2,932 bitcoins for approximately $264.1 million between January 20 and January 25, at an average price of $90,061 per coin, according to an SEC filing. This purchase increased Strategy's total Bitcoin holdings to 712,647 BTC, valued at about $62.5 billion at current prices. The company's total cost for all its Bitcoin is around $54.2 billion, averaging $76,037 per coin, resulting in an implied paper gain of about $8.3 billion. These latest acquisitions were funded using proceeds from recent at-the-market sales of its MSTR common stock and STRC preferred stock. The article also notes that Strategy has extensive capital-raising programs, including a "42/42" plan targeting $84 billion in equity offerings through 2027 to continue acquiring Bitcoin. Despite the significant holdings, Strategy's stock has seen a 64% decline from its peak valuation relative to its net asset value (mNAV is around 0.83).
(Source：The Block)