Strategy (MSTR) Spends $1.57 Billion to Buy 22,337 More Bitcoin, Holdings Reach 738,731 BTC
Bitcoin Magazine
Strategy (MSTR) increased its Bitcoin holdings by 22,337 coins for $1.57 billion, bringing its total to 761,068 BTC.Summary
Strategy, led by Michael Saylor, recently purchased an additional 22,337 Bitcoin for approximately $1.57 billion, expanding its total Bitcoin holdings to 761,068 BTC. The purchases, made between March 9 and March 13 at an average price of $70,194 per coin, represent over 3.4% of the total 21 million Bitcoin supply. The company funded these acquisitions through a combination of equity sales and preferred stock issuance, including its 'Stretch' preferred shares. Strategy’s cumulative Bitcoin holdings are now valued at close to $50 billion, acquired for a total of roughly $57.61 billion at an average price of $75,696 per coin. Saylor hinted at the purchase beforehand, referencing the firm’s continued buying strategy.
(Source：Bitcoin Magazine)