Michael Saylor’s Strategy, the world’s largest public Bitcoin holder,has blasted past 800,000 BTC in total holdingsafter announcing its latest purchases.
Strategy acquired 34,164 Bitcoin for $2.54 billion between April 13 and 19,accordingto an 8-K filing with the US Securities and Exchange Commission on Monday.
As Helen Partz reports for CoinTelegraph.com,the buyranksas Strategy’s third-largest Bitcoin acquisition on record by coin count,behind purchases of 55,500 BTC and 51,780 BTC in November 2024.
Holding around780,897 BTC after a $1 billion purchasejust a week ago, the company now holds 815,061 BTC, purchased for $61.56 billion.
The new acquisition was made at an average price of $74,395 per coin, slightly below the company’s average acquisition price of $75,527.
Similar to a few recent acquisitions, the majority of Strategy’s latest purchase has been funded through Stretch (STRC), the company's perpetual preferred security.
According to the filing, STRC generated $2.18 billion, or about 85.7% of total proceeds, while sales of Class A common stock (MSTR) contributed $366 million.
Last week marked several new records for STRC, including the company’s largest single-day buying spree through its at-the-market, or ATM, program.
On April 13, STRCseta new estimated daily record of about 7,741 BTC, based on the sale of 11.9 million shares through its at-the-market, or ATM, program, generating more than $1 billion in trading volume, according to STRC Live.
The stock set another record the following day, with anestimated9,364 BTC tied to 14.4 million shares sold through its at-the-market, or ATM, program. The two days combined brought an estimated 17,204 BTC, marking a 518% surge versus the four-week average.
Source: ZeroHedge News
