Strategy Boosts Bitcoin Holdings by 705 BTC Valued at $75 Million

Strategy, a prominent corporate entity, has recently bolstered its bitcoin holdings by acquiring an additional 705 BTC, valued at approximately $75 million. This strategic move has elevated the company's total bitcoin stash to 580,955 BTC, solidifying its status as one of the largest corporate holders of the cryptocurrency.

The latest purchase was executed at an average price of $106,495 per bitcoin, which has adjusted the company’s overall average purchase price to $70,023 per bitcoin. This acquisition underscores Strategy's unwavering commitment to bitcoin as a core treasury asset, reflecting a long-term investment strategy that prioritizes the digital currency's potential for growth and stability.

To finance this significant acquisition, Strategy employed a series of at-the-market (ATM) equity offerings. The company raised capital by selling 353,511 shares of STRK preferred stock for $36.2 million and 374,968 shares of STRF preferred stock for $38.4 million between May 26 and June 1. This strategic use of equity offerings demonstrates the company's financial acumen and its ability to leverage various funding mechanisms to support its investment goals.

With the current market price of bitcoin hovering around $104,000, the company's total bitcoin holdings are now valued at approximately $60 billion. This valuation not only reinforces Strategy's position as a leading corporate holder of bitcoin but also highlights the substantial financial resources the company has allocated to this digital asset. The continued investment in bitcoin underscores the company's belief in the cryptocurrency's long-term value and its potential to serve as a robust store of value and medium of exchange.