Strategy buys 1,031 Bitcoin; its stash now surpasses 762,000 BTC
Strategy added 1,031 Bitcoin last week, bringing its total holdings to 762,099 BTC, valued at $53 billion.Summary
Strategy Inc., a software company known for accumulating Bitcoin, recently purchased an additional 1,031 BTC, increasing its treasury to 762,099 BTC, currently valued at $53 billion. This purchase, disclosed in an 8-K filing, cost approximately $77 million, funded by selling common stock at an average price of $74,326 per coin. This acquisition is small compared to previous buys, such as the nearly 40,000 BTC purchased earlier in March. This steady accumulation pattern has defined the firm since Michael Saylor pivoted the business toward digital assets in 2020. Despite the current Bitcoin price of $70,000 leaving Strategy with an estimated $4 billion in unrealized losses from its $75,696 average cost basis, the company retains significant capacity for future stock issuance to fund further acquisitions.
(Source：Crypto Briefing)