Strategy Buys $1.92B in Bitcoin, Boosts Holdings by 4.2%

Strategy, a prominent corporate entity, has recently expanded its Bitcoin holdings by acquiring 22,048 Bitcoin, valued at approximately $1.92 billion. This purchase was made at an average price of roughly $86,969 per Bitcoin, as disclosed in a recent filing with the US Securities and Exchange Commission (SEC). The acquisition brings Strategy's total Bitcoin holdings to 528,185, with an estimated value of $43.42 billion. This significant investment underscores Strategy's commitment to Bitcoin as a key component of its treasury strategy, mirroring the size of its previous purchase in February. The company's CEO, Michael Saylor, has been a vocal advocate for Bitcoin, viewing it as a superior store of value compared to traditional assets. This latest acquisition further solidifies Strategy's position as one of the largest corporate holders of Bitcoin, with a total holding valued at around $42 billion as of March 30. The company's aggressive Bitcoin buying strategy has been a subject of interest in the financial community, with many analysts and investors closely monitoring its moves. The purchase is part of a broader trend among corporations increasingly viewing Bitcoin as a viable and attractive investment option.

Strategy financed its latest Bitcoin acquisition using proceeds from the sale of its Class A common stock and perpetual strike preferred stock. Last week, the company sold 3,645,528 shares of its Class A Common stock for roughly $1.2 billion. Additionally, Strategy sold 213,807 shares of its Perpetual Strike Preferred Stock, generating $18.52 million in revenue. As of March 30, the firm still has $2.3 billion worth of MSTR shares and $20.97 billion worth of STRK shares available for issuance and sale under that program. This strategic move allows Strategy to continue its Bitcoin acquisition spree while maintaining financial flexibility.

Strategy's long-term plan involves raising $42 billion via equity offerings and fixed-income securities for Bitcoin acquisitions over the next three years. This ambitious strategy aims to purchase Bitcoin as a key asset despite market volatility. The company's commitment to Bitcoin is evident in its aggressive buying strategy, which has positioned it as a leader in corporate Bitcoin holdings. Following the announcement, Bitcoin's price jumped to $83,568, reflecting the market's positive response to Strategy's continued investment in the cryptocurrency. This move by Strategy is part of a growing trend among corporations adopting Bitcoin as a strategic asset, with other firms like GameStop also exploring similar strategies.