Strategy Acquires 10,624 Bitcoin, Boosting Holdings to 660,624 BTC
Strategy’s latest $962.7 million Bitcoin purchase raises its holdings to over 3% of total supply, solidifying its position as one of the largest institutional BTC owners.
BTC
Summary
On Dec. 8, Strategy acquired 10,624 BTC for $962.7 million at an average price of $90,615 per coin. This brings total holdings to 660,624 BTC, representing over 3% of Bitcoin’s total supply and valued at approximately ¥9.3 trillion. The purchase continues the company’s aggressive accumulation strategy despite recent market volatility and a significant drop in share price.
Terms & Concepts
- BTC: Abbreviation for Bitcoin, the first and most widely used decentralized digital currency.
- Preferred Stock: A class of ownership in a corporation with a higher claim on assets and earnings than common stock, often with fixed dividends.