Strategy Buys 22,337 Bitcoin, Holdings Rise to 761,068 BTC
Cointelegraph
Strategy acquired 22,337 Bitcoin for $1.57 billion, increasing its total holdings to 761,068 BTC.Summary
Michael Saylor’s Strategy, the largest public Bitcoin holder, purchased 22,337 BTC for $1.57 billion last week at an average price of $70,194, bringing its total reserves to 761,068 BTC, acquired at an overall average cost of $75,696 per coin. This acquisition followed a large purchase the week prior and was made while Strategy was aggressively selling its perpetual preferred equity, STRC, following relaxed sales rules. The company sold $1.18 billion in STRC shares and $396 million in Common A shares, with the net proceeds from STRC sales accounting for 75% of the recent Bitcoin purchase cost. With its current holdings, Strategy is on track to potentially reach 1 million BTC by the end of 2026.
(Source：Cointelegraph)