Strategy (MSTR) Buys $76.6 Million in Bitcoin, Slowing Recent Accumulation Pace
Strategy acquired $76.6 million in Bitcoin, funded by stock sales, representing a slower pace compared to its recent $1 billion+ purchases.Summary
Strategy, led by Michael Saylor, recently purchased 1,031 Bitcoin for $76.6 million, bringing its total holdings to 762,099 BTC, acquired at an average cost of $75,694 per coin. This purchase, funded through the sale of Class A shares, marks a slowdown in the company’s aggressive accumulation strategy following a period of significant investment exceeding $1 billion in the prior two weeks. Despite holding a substantial amount of Bitcoin, Strategy currently faces an unrealized loss due to Bitcoin’s price trading below its average acquisition cost. The company continues to leverage equity markets to fund its Bitcoin acquisitions, a strategy that attracts both support and scrutiny regarding dilution risk and balance sheet concentration.
(Source：Bitcoin Magazine)