Strategy's Bitcoin Holdings Surge 1.9% to $47 Billion

Strategy, the company formerly known as MicroStrategy, has continued its aggressive Bitcoin (BTC) accumulation strategy. According to on-chain data from Lookonchain, the company, led by its founder and CEO Michael Saylor, has now amassed close to $47 billion worth of Bitcoin after a significant purchase last week.

Strategy acquired an additional 6,556 BTC, valued at approximately $555.85 million, at an average price of $84,785 per coin. This purchase brings the company's total Bitcoin holdings to 538,200 BTC, valued at around $46.83 billion. The average buying price for these holdings is $67,766, resulting in an unrealized profit of $10.36 billion.

On April 15, Strategy made another substantial purchase of 3,459 BTC for about $285.8 million. This move aligns with the company's earlier announcements to raise additional capital for further Bitcoin acquisitions. According to data from BitcoinTreasuries.net, Strategy now owns over 2% of the global circulating supply of Bitcoin.

Despite the broader stock market downturn, Strategy's stock (MSTR) has shown resilience, rising by 1.9% and trading at $323 at the time of writing. Michael Saylor has highlighted that a significant number of institutions hold shares in Strategy, with over 13,000 institutions and 814,000 retail accounts owning MSTR directly. Additionally, an estimated 55 million beneficiaries have indirect exposure through various investment vehicles such as ETFs, mutual funds, pensions, and insurance portfolios.

In early February, Strategy announced a substantial stock offering to raise funds for further Bitcoin purchases. Just last month, Saylor revealed that the company sold $21 billion in preferred STRK stock to acquire more Bitcoin. This aggressive strategy underscores Strategy's commitment to Bitcoin as a key component of its corporate treasury management.