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Strategy Expands Bitcoin Holdings with $450 Million Purchase

The company acquired 4,048 bitcoins at an average price of $110,981, raising its total holdings to 636,505 BTC valued at about $70 billion.

BTC

Summary

Strategy announced the purchase of 4,048 bitcoins at an average cost of $110,981 per coin, increasing its total holdings to 636,505 BTC. The company’s bitcoin portfolio is now valued at approximately $70 billion, with an overall average acquisition cost of $73,765 per bitcoin.

Terms & Concepts
  • Bitcoin (BTC): The world’s first decentralized cryptocurrency, created in 2009, enabling peer-to-peer transactions without a central authority.
  • Average Acquisition Cost: The weighted average price paid for an asset across multiple purchases, used to assess profitability when prices change.
  • BTC Holdings: The total number of bitcoins owned by an individual or organization, often reported to indicate investment scale.