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Strategy Invests $49.9 Million to Acquire 487 Bitcoin

Strategy Invests $49.9 Million to Acquire 487 Bitcoin

Michael Saylor’s firm expanded its Bitcoin holdings to nearly 650,000 BTC, using proceeds from preferred stock sales amid recent stock price declines.

BTC

Fact Check
The statement is overwhelmingly supported by a consensus across multiple, independent, and authoritative sources. The most credible sources, including Yahoo Finance, explicitly state that the information originates from a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), which is the definitive primary source for such a transaction. Numerous other financial and crypto-focused news outlets corroborate the exact figures: an acquisition of 487 Bitcoin for $49.9 million. There are no significant contradictions in the evidence provided. Minor variations, such as one source rounding the investment to 'roughly $50 million' and another having a typo in its headline (while reportedly being correct in the article body), do not undermine the core facts and are considered insignificant noise. The consistency of the reporting and the clear trail to an official SEC filing provide high confidence that the statement is true.
Summary

Michael Saylor’s Strategy acquired 8,178 BTC last week for $835.6 million at an average price of $102,171, funded primarily through preferred stock offerings, including $715 million from its STRE series and $131.4 million from its STRC series. The company’s total Bitcoin holdings now reach 649,870 BTC, purchased for about $48.37 billion at an average price of $74,433 each. This marks a departure from recent incremental buys, as lower share prices had constrained larger purchases. Bitcoin traded at $94,500 on Monday, with Strategy’s enterprise value only slightly above its Bitcoin holdings’ market value.

Terms & Concepts
  • Bitcoin (BTC): A decentralized digital currency that enables peer-to-peer transactions without intermediaries.
  • Preferred Stock: A class of ownership in a corporation with a fixed dividend that has priority over common stock dividends.
  • Average Purchase Price: The mean price paid per unit of an asset acquired across different purchase transactions.