Bitcoin treasury company Strategy acquired an additional 520 BTC for approximately $34.9 million at an average price of $67,068 per bitcoin between June 15 and June 21, according to an 8-K filing with the Securities and Exchange Commission on Monday.
Strategy now holds a total of 847,363 BTC — worth around $54.8 billion — bought at an average price of $75,651 per bitcoin for a total cost of around $64.1 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 and imply around $9.3 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 2,714,839 MSTR shares for approximately $335.5 million. As of June 21, $25.4 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.
