Strategy executes its biggest bitcoin acquisition since July, securing an additional 13,627 BTC
Strategy Expands Bitcoin Portfolio with Major Acquisition
Strategy (MSTR), recognized as the largest publicly listed bitcoin holder, has boosted its bitcoin assets for the third week in a row, marking its most significant purchase since July.
Under the leadership of executive chairman Michael Saylor, the firm acquired an additional 13,627 bitcoins, investing $1.25 billion at an average rate of approximately $91,519 per coin. With this latest transaction, Strategy’s total bitcoin holdings have reached 687,410 BTC, purchased at a combined cost of $51.80 billion, averaging $75,353 per bitcoin.
The recent bitcoin acquisition was financed through the issuance of $1.1 billion in common shares and $119.1 million from its perpetual preferred equity, known as Stretch (STRC).
In pre-market trading, MSTR’s stock price rose by 0.50%, while bitcoin continued to trade above the $90,000 mark.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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