Bitcoin treasury company Strategy (MSTR) acquired 4,603 BTC for approximately $369.7 million between Aug. 24 and Aug. 30 at an average price of $80,318 per bitcoin, according to an 8-K filing with the U.S. Securities and Exchange Commission on Monday.
The Michael Saylor-led firm now holds a total of 845,050 BTC — worth around $66.1 billion — bought at an average price of $75,412 per bitcoin for a total cost of around $63.73 billion, including fees and expenses.
Strategy bitcoin holdings. Image: The Block.
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 $2.34 billion of paper profits at current prices of above $78,000.
The latest acquisition was funded by proceeds from at-the-market sales of Strategy's Class A common stock, MSTR. Last week, the company sold 4,531,421 MSTR shares for approximately $602.8 million.
