Strategy buys $1 billion worth of Bitcoin, holdings top 780K BTC
Summary
Strategy has expanded its Bitcoin treasury by purchasing 13,927 BTC for approximately $1 billion, at an average price of $71,902 per coin. The acquisition was funded through an at-the-market program selling STRC preferred stock rather than using its MSTR equity. This move brings the company's total holdings to 780,897 BTC, representing over 3.7% of the total potential Bitcoin supply. Executive Chairman Michael Saylor highlighted a 5.6% year-to-date "BTC Yield," which the company uses to measure shareholder value growth.
(Source:Crypto Briefing)