Strategy Now Holds Over 640,000 Bitcoins on Its Balance Sheet
Michael Saylor’s company has once again expanded its crypto reserve by purchasing an additional 196 BTC for about $22.1 million at an average price of $113,048 per bitcoin.
At present, Strategy holds 640,031 BTC worth around $71.8 billion, acquired at an average price of $73,983 per coin. In total, these bitcoins cost the company roughly $47.4 billion, including fees and other expenses. This means that Michael Saylor’s firm has already accumulated more than 3% of the total supply of 21 million BTC.
The latest acquisitions were funded through proceeds from the sale of Class A MSTR common stock, Strife perpetual preferred stock, and Stride perpetual preferred stock.
“I always accumulate bitcoins,” commented company co-founder Michael Saylor on the purchase.
That said, the pace of accumulation is gradually slowing down. For comparison, last week Strategy purchased 850 bitcoins for nearly $99.7 million. However, the slight decline does not prevent the company from maintaining its top position as the largest holder of the flagship cryptocurrency. Currently, this list already includes 180 public companies.
See also: "Reasons Why This Week Will Be Unstable for the Crypto Market"
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