Strategy Acquires 6,556 Bitcoin for $556 Million, Total Holdings Reach 538,200 BTC
The post Strategy Acquires 6,556 Bitcoin for $556 Million, Total Holdings Reach 538,200 BTC appeared on BitcoinEthereumNews.com.
TLDR Strategy (formerly MicroStrategy) added 6,556 BTC for approximately $556 million at an average price of $84,785 per Bitcoin The company now holds a total of 538,200 BTC purchased for $36.47 billion at an average cost of $67,766 per Bitcoin Strategy funded this purchase through stock offerings, selling 1,755,000 company shares for $547.7 million and 91,213 shares of Series A preferred stock for $7.8 million MSTR stock has risen approximately 163% over the past year, with the company’s Bitcoin strategy yielding a total return of 2,400% The firm plans to raise an additional $20 billion from stock sales to finance future Bitcoin purchases Strategy, formerly known as MicroStrategy, continues its aggressive Bitcoin acquisition plan with another major purchase. The company announced on Monday that it had acquired an additional 6,556 Bitcoin between April 14-20, worth approximately $556 million. This latest purchase was made at an average price of $84,785 per Bitcoin. The company’s total Bitcoin holdings now stand at an impressive 538,200 BTC. This represents one of the largest corporate Bitcoin treasuries in the world. Strategy has invested approximately $36.47 billion in its Bitcoin holdings at an average price of $67,766 per coin. This marks the second consecutive week of Bitcoin purchases for Strategy. Just two weeks ago, the company acquired nearly 3,460 BTC for over $280 million. The recent buying activity follows a brief pause in late March when Bitcoin prices fell below $87,000. Stock Performance and Funding Strategy’s stock (MSTR) has benefited greatly from its Bitcoin strategy. The stock has risen approximately 163% over the past year. MSTR is currently trading at around $317, with a modest day-over-day increase of 1.78%. After the announcement of the latest Bitcoin purchase, MSTR shares rose nearly 3% in extended trading to about $325. The company has a total market cap of…
Filed under: News - @ April 22, 2025 10:26 am