Strategy acquired 24,869 Bitcoin last week for over $2 billion, adding to the software company-turned-crypto-treasury giant’s already vast holdings as it continues its aggressive accumulation strategy.
The purchase was made at an average price of $80,985 per coin, inclusive of fees and expenses, according to a filing with the SEC. The buy brings Strategy’s total Bitcoin holdings to 843,738 coins valued at about $65 billion at current market prices.
The latest acquisition was funded entirely through proceeds from the company’s at-the-market offering program.
During the period from May 11 to May 17, Strategy raised $1.9 billion by selling approximately 19.5 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, and approximately $84 million through the sale of 430,344 shares of its Class A common stock, bringing total net proceeds to over $2 billion.
Strategy may use Bitcoin reserves to fund $1.38B debt buyback
