Bitcoin (BTC) treasury company Strategy (STRC) acquired an additional 24,869 BTC for approximately $2.01 billion at an average price of $80,985 per bitcoin between May 11 and May 17, according to an 8-K filing with the Securities and Exchange Commission on Monday.
Strategy now holds a total of 843,738 BTC — worth around $65.3 billion — bought at an average price of $75,700 per bitcoin for a total cost of around $63.9 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor.
To put that in perspective, Strategy's holdings are now the equivalent of more than 4% of bitcoin's 21 million supply cap and imply around $1.4 billion of paper gains at current prices.
The latest acquisitions were made using proceeds from at-the-market sales of its Class A common stock, MSTR, and perpetual Stretch preferred stock, STRC. Last week, Strategy sold 430,344 MSTR shares for approximately $83.7 million. As of May 17, $26.27 billion worth of MSTR shares remain available for issuance and sale under that program, the firm said. Strategy also sold 19,519,801 STRC shares for approximately $1.95 billion, with $17.51 billion worth of STRC shares remaining available for issuance and sale under that program.
