Strategy acquires 592 Bitcoin at over $67,000
Crypto Briefing
Strategy purchased 592 Bitcoin for nearly $40 million, increasing its total holdings to 717,722 BTC.Summary
Business intelligence firm Strategy Inc., which uses Bitcoin as its primary treasury asset, acquired an additional 592 BTC during the week ending February 22 for approximately $39.8 million, averaging $67,286 per coin. This purchase raised the company's total Bitcoin stockpile to 717,722 coins. The acquisition was funded by selling 297,940 shares of its Class A common stock, yielding nearly $40 million in net proceeds. As of February 22, Strategy still has about $37 billion available for future purchases under its existing ATM programs. The Virginia-based firm remains the largest corporate holder of Bitcoin among publicly traded companies since its pivot to digital assets in August 2020.
(Source：Crypto Briefing)