Strategy Buys 7.633 Bitcoins for $742M
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Strategy, formerly known as MicroStrategy, has recently acquired 7.633 Bitcoin for $742 million from February 3 to 9. The average price of the purchases was $97.255 per Bitcoin.
The company currently holds 478.740 Bitcoins, valued at over $46 billion. These purchases were made at an average price of US$65.033 per Bitcoin, representing 2.2% of the total Bitcoin supply.
The funds for these acquisitions were raised through share sales, with 516.413 Class A common stock shares raising US$179 million and 7.3 million series A preferred shares raising US$563 million.
Strategy also recently rebranded, integrating the “₿” symbol into its new logo. After a brief pause, the company has amassed around US$20 billion in Bitcoin holdings.
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