Bitcoin (BTC) treasury company Strategy acquired an additional 1,550 BTC for approximately $101.3 million at an average price of $65,332 per bitcoin between June 1 and June 7, according to an 8-K filing with the Securities and Exchange Commission on Monday.
Strategy now holds a total of 845,256 BTC — worth around $53.5 billion — bought at an average price of $75,680 per bitcoin for a total cost of around $64 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 the equivalent of more than 4% of bitcoin's 21 million supply cap, but imply around $10.5 billion of paper losses at current prices.
The latest acquisitions were made using proceeds from at-the-market sales of its Class A common stock, MSTR. Last week, Strategy sold 1,409,600 MSTR shares for approximately $181 million. As of June 7, $25.96 billion worth of MSTR shares remain available for issuance and sale under that program, the firm said.
Strategy recently extended its ATM programs to include up to an additional $21 billion of MSTR, alongside a further $21 billion of its STRC preferred stock and $2.1 billion of STRK preferred stock.
