Strategy has reached its 100th Bitcoin acquisition milestone, adding 592 BTC for $39.8 million, underscoring its role as the largest publicly traded Bitcoin holder.
Strategy (MSTR) purchased 592 bitcoin last week for $39.8 million, at an average price of $67,286 per coin, funded entirely by common stock sales. This acquisition brings its total holdings to 717,722 BTC, valued at $54.56 billion, with an average purchase price of $76,020 per coin, representing an unrealized loss of about $7 billion given current prices just above $66,000. According to Executive Chairman Michael Saylor, this marks the company’s 100th bitcoin acquisition since it began buying in August 2020. MSTR shares are down 2.5% in pre-market trading and over 50% year-over-year. Separately, Mexican billionaire Ricardo Salinas has reiterated his pro-Bitcoin stance, claiming 70% of his liquid assets are in BTC as protection against inflation.