Strategy Acquires 4,980 Bitcoins, Boosts Holdings by 0.83%

Strategy, a prominent Bitcoin reserve company, has recently acquired 4,980 Bitcoins, valued at approximately 531.9 million dollars. This purchase brings the company's total Bitcoin holdings to 597,325, with an estimated current value exceeding 64 billion dollars. The acquisition was made at an average price of 106,801 dollars per Bitcoin.

The funds for this purchase were sourced from two primary channels: proceeds from the sale of common stock (MSTR) and the issuance of new preferred stock (STRK and STRF). These actions are part of the company's broader market price issuance (ATM) equity program, which is a component of its 84 billion dollar financing plan under the "42/42" initiative. This plan aims to continuously accumulate Bitcoin until 2027.

Recently, the company's executive chairman highlighted the potential for Bitcoin's price to reach 21 million dollars over the next 21 years. This projection underscores the company's aggressive strategy to acquire as much Bitcoin as possible in the near term. The average purchase price of Bitcoin by the company stands at 70,982 dollars per coin, resulting in over 21 billion dollars in unrealized gains.

Strategy is recognized as the largest publicly traded Bitcoin reserve company globally. Its closest competitor, a Bitcoin mining enterprise, holds approximately one-tenth of Strategy's Bitcoin reserves. The growing trend of enterprises adopting cryptocurrencies as strategic reserve assets has significantly boosted the popularity of Bitcoin reserve companies. Currently, at least 140 publicly traded companies worldwide include Bitcoin in their balance sheets.