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Strategy Acquires 1,955 Bitcoins Worth $217 Million

Strategy Acquires 1,955 Bitcoins Worth $217 Million

The latest $60.2 million Bitcoin purchase boosts Strategy’s holdings to 638,985 BTC, cementing its position as the largest corporate Bitcoin holder with over $26 billion in paper gains.

BTC

Fact Check
The statement is directly and repeatedly confirmed by multiple articles from the source 'The Block' (Sources 1, 2, 6, and 9). These sources explicitly state that 'Strategy (formerly MicroStrategy)' acquired 1,955 BTC for $217 million. Additional evidence from SEC filings and other articles confirms MicroStrategy's (ticker: MSTR) long-standing strategy of purchasing Bitcoin, lending further credibility to the claim.
    Reference: 12
Summary

Strategy's recent acquisition of 525 BTC for $60.2 million, priced at an average of $114,562 per coin, brings its total holdings to 638,985 BTC, acquired at a cost of $47.23 billion. The purchase was financed through proceeds from equity offerings, including Series A Perpetual Strife, Strike, and Stride Preferred Stocks. The firm’s Bitcoin strategy continues to grow, reinforcing its status as the largest corporate holder of Bitcoin.

Terms & Concepts
  • Bitcoin Treasury Strategy: A corporate approach of holding Bitcoin as part of its treasury reserves to hedge against inflation or diversify investments.
  • Preferred Shares: A class of company shares that provide dividends and priority over common stock but usually lack voting rights.
  • At-the-Market (ATM) Offering: A financing method where a company sells shares directly into the open market over time to raise capital.